Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Bear Market Rally (-75) - CHFMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFMYR as it may be in the beginning 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.
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 Dec 31st, 2020 at 4.5447916
The short-term trend has been UP since Mar 8th, 2021 at 4.4122926
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).