Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Countertrend Up (+85) - CHFMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
4.5022718 4.5118904 4.4836741 4.5115627 +0.0092910
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since Feb 2nd, 2020 at 4.2545157

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 4.5129803

short term down The short-term trend has been DOWN since May 27th, 2020 at 4.4818200

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5022718 4.5118904 4.4836741 4.5115627 +0.0092910
Prev. Close Volume Bid Ask Time
4.5022718 4.5089702 4.5141553 2020-05-28 12:32:03
Get a free daily analysis and signals for Swiss Franc/Malaysian Ringt (CHFMYR) - Request Your Free Report.