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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

Sidelines Mode (+55) - MYRCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MYRCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.18754437 0.18805344 0.18705658 0.18771260 +0.00016800
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long-term trend has been DOWN since Oct 18th, 2023 at 0.18773840

intermediate term up The intermediate-term trend has been UP since Feb 13th, 2024 at 0.18452056

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.18738541

Smart Scan Analysis for MYRCHF

Based on our trend formula, MYRCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18754437 0.18805344 0.18705658 0.18771260 +0.00016800
Prev. Close Volume Bid Ask Time
0.18754437 2024-03-18 22:11:54
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