Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
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.
MarketClub’s Trade Triangles for MYRCHF
The long-term trend has been UP since Sep 13th, 2021 at 0.22263084
The intermediate-term trend has been UP since Aug 26th, 2021 at 0.21832474
The short-term trend has been DOWN since Oct 14th, 2021 at 0.22182674
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).