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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

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

Is it time to buy, sell, or avoid MYRCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.19736619 0.19745095 0.19674111 0.19695936 -0.00040700
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term up The long-term trend has been UP since May 1st, 2024 at 0.19231820

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2024 at 0.19871773

short term down The short-term trend has been DOWN since Nov 13th, 2024 at 0.19830096

Smart Scan Analysis for MYRCHF

Based on our trend formula, MYRCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19736619 0.19745095 0.19674111 0.19695936 -0.00040700
Prev. Close Volume Bid Ask Time
0.19736619 2024-11-21 05:40:35
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