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OmiFX8
Aug 3, 2022 4:18 PM

CNY/MYR looks bearish on charts Short

FX_IDC:CNYMYR1W
CHINESE YUAN / MALAYSIAN RINGGITICE

Description

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CNY/MYR looks set to dive out of a two-year ascending channel

1. Bear divergence of RSI and MACD on weekly timeframe.
2. Multiple rejections above 0.66 in recent months.
3. Monthly MACD crossing bearish.





Trend AnalysisChart PatternsCNYMYRCNYMYRcurrency
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