Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Bull Market Weakness (+75) - MYRCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRCHF as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for MYRCHF
The long-term trend has been UP since May 1st, 2024 at 0.19231820
The intermediate-term trend has been UP since Nov 24th, 2024 at 0.20016528
The short-term trend has been DOWN since Jan 2nd, 2025 at 0.20111893
Smart Scan Analysis for MYRCHF
Based on our trend formula, MYRCHF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20135019 | 0.20243618 | 0.20087795 | 0.20204346 | +0.00069300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20135019 | 2025-01-02 12:13:55 |