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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CHFMYR Price Change
4.0447 4.0495 4.0409 4.0439 -0.0008
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long term trend has been UP since Jul 3rd, 2018 at 4.08205

intermediate term up The intermediate term trend has been UP since May 29th, 2018 at 4.02950

short term down The short term trend has been DOWN since Jul 6th, 2018 at 4.06905

Smart Scan Analysis for CHFMYR

Based on a pre-defined weighted trend formula for chart analysis, CHFMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0447 4.0495 4.0409 4.0439 -0.0008
Prev. Close Volume Bid Ask Time
4.0447 4.0414 4.0464 2018-07-16 12:23:23
Want to analyze Swiss Franc/Malaysian Ringt CHFMYR or another symbol? Try our Free Forex Trend Analysis Report.