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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Weak Downtrend (-65) - CHFMYR is showing signs of a strengthening downtrend. Monitor CHFMYR as it may be building momentum to the downside.

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
4.5590580 4.5605762 4.5544078 4.5544078 -0.0046500
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 4.4836348

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2020 at 4.5261576

short term up The short-term trend has been UP since Nov 27th, 2020 at 4.5050160

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5590580 4.5605762 4.5544078 4.5544078 -0.0046500
Prev. Close Volume Bid Ask Time
4.5590580 2020-12-03 04:14:41
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