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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Strong Uptrend (+100) - CHFMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
4.6642939 4.6771468 4.6642939 4.6756927 +0.0113990
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since May 26th, 2022 at 4.5800820

intermediate term up The intermediate-term trend has been UP since Jul 24th, 2022 at 4.6121528

short term up The short-term trend has been UP since Aug 8th, 2022 at 4.6661817

Smart Scan Analysis for CHFMYR

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

+100
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6642939 4.6771468 4.6642939 4.6756927 +0.0113990
Prev. Close Volume Bid Ask Time
4.6642939 2022-08-09 05:53:46
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