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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.245985 0.247130 0.245805 0.246995 +0.001010
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long term trend has been DOWN since Jul 4th, 2018 at 0.244610

intermediate term down The intermediate term trend has been DOWN since May 29th, 2018 at 0.248115

short term down The short term trend has been DOWN since Jul 17th, 2018 at 0.246285

Smart Scan Analysis for MYRCHF

Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.245985 0.247130 0.245805 0.246995 +0.001010
Prev. Close Volume Bid Ask Time
0.245985 0.246970 0.247020 2018-07-18 04:30:50
Want to analyze Malaysian Ringt/Swiss Franc MYRCHF or another symbol? Try our Free Forex Trend Analysis Report.