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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
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.
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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 31st, 2025 at 0.20534463
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20457495 | 0.20489287 | 0.20408008 | 0.20409313 | -0.00048200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20457495 | 2025-02-05 14:02:07 |