Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Strong Downtrend (-100) - CHFMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFMYR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHFMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been DOWN since Mar 27th, 2024 at 5.2964418
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 5.1989576
The short-term trend has been DOWN since May 8th, 2024 at 5.2188019
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.2200572 | 5.2217524 | 5.2129485 | 5.2129485 | -0.0071090 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.2200572 | 2024-05-09 04:33:44 |