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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Crossroads (+60) - CHFMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4.5301809 4.5327228 4.5256962 4.5272069 -0.0029740
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long-term trend has been DOWN since Sep 19th, 2021 at 4.4836625

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 4.5309036

short term up The short-term trend has been UP since Oct 14th, 2021 at 4.5042423

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5301809 4.5327228 4.5256962 4.5272069 -0.0029740
Prev. Close Volume Bid Ask Time
4.5301809 2021-10-22 12:49:58
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