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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Bear Market Rally (-75) - CHFMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFMYR as it may be in the beginning of a reversal.

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
5.2404763 5.2485144 5.2404763 5.2485144 +0.0080380
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 5.2964418

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 5.3091341

short term up The short-term trend has been UP since Apr 15th, 2024 at 5.2449897

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2404763 5.2485144 5.2404763 5.2485144 +0.0080380
Prev. Close Volume Bid Ask Time
5.2404763 2024-04-15 21:40:42
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