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CNY/MYR looks bearish on charts
CHINESE YUAN / MALAYSIAN RINGGIT
Short
CNY/MYR looks bearish on charts
By OmiFX8
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Aug 3, 2022
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Aug 3, 2022
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.
Chart Patterns
CNY
CNYMYR
currency
MYR
Trend Analysis
OmiFX8
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