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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Strong Downtrend (-100) - CHFMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFMYR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been DOWN since Jan 13th, 2025 at 4.9121173
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 4.9693613
The short-term trend has been DOWN since Jan 19th, 2025 at 4.9270073
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9287749 | 4.9287749 | 4.9234933 | 4.9235556 | -0.0052190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.9287749 | 2025-01-20 03:21:12 |