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Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Weak Downtrend (-65) - CHFMYR is showing signs of a strengthening downtrend. Monitor CHFMYR as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been DOWN since Nov 23rd, 2020 at 4.4836348
The intermediate-term trend has been DOWN since Nov 1st, 2020 at 4.5261576
The short-term trend has been UP since Nov 27th, 2020 at 4.5050160
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5590580 | 4.5605762 | 4.5544078 | 4.5544078 | -0.0046500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5590580 | 2020-12-03 04:14:41 |