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Forex Trend Analysis Report

Prepared for you on Saturday, February 17, 2018.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

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
4.1971 4.1971 4.1971 4.1971 0.0000
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long term trend has been DOWN since Nov 1st, 2017 at 4.23160

intermediate term up The intermediate term trend has been UP since Jan 30th, 2018 at 4.16235

short term up The short term trend has been UP since Feb 16th, 2018 at 4.22775

Smart Scan Analysis for CHFMYR

Based on a pre-defined weighted trend formula for chart analysis, CHFMYR scored +60 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
4.1971 4.1971 4.1971 4.1971 0.0000
Prev. Close Volume Bid Ask Time
4.1971 4.1944 4.1998 2018-02-17 19:46:43
Want to analyze Swiss Franc/Malaysian Ringt CHFMYR or another symbol? Try our Free Forex Trend Analysis Report.