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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.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.22254810 0.22275833 0.22242195 0.22263324 +0.00008500
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.23561812

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 0.22190290

short term down 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).

-90
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22254810 0.22275833 0.22242195 0.22263324 +0.00008500
Prev. Close Volume Bid Ask Time
0.22254810 0.22260696 0.22265952 2020-05-25 05:15:04
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