Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Long-Term Downtrend (-90) - MYRCHF is in a strong downtrend that is likely to continue. While MYRCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MYRCHF
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.23561812
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.22190290
The short-term trend has been DOWN since May 18th, 2020 at 0.22339272
Smart Scan Analysis for MYRCHF
Based on our trend formula, MYRCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).