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.
MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been UP since May 26th, 2022 at 4.5800820
The intermediate-term trend has been UP since Jul 24th, 2022 at 4.6121528
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).