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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Weak Uptrend (+65) - CHFMYR is showing signs of weakening momentum to the upside. Monitor CHFMYR as it may be in the beginning stages of a reversal.

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.

FOREX_CHFMYR
Open High Low CHFMYR Price Change
5.0577704 5.0680958 5.0528292 5.0673012 +0.0095310
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 5.2529151

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 4.9693613

short term up The short-term trend has been UP since Nov 13th, 2024 at 5.0481641

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).

+65
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0577704 5.0680958 5.0528292 5.0673012 +0.0095310
Prev. Close Volume Bid Ask Time
5.0548580 2024-11-19 20:53:49
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