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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

Sidelines Mode (+55) - MYRCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.19003433 0.19085285 0.18978811 0.19072480 +0.00069000
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 Jul 17th, 2024 at 0.18940953

short term up The short-term trend has been UP since Jul 22nd, 2024 at 0.19019446

Smart Scan Analysis for MYRCHF

Based on our trend formula, MYRCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19003433 0.19085285 0.18978811 0.19072480 +0.00069000
Prev. Close Volume Bid Ask Time
0.19003433 2024-07-23 07:47:18
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