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Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Countertrend Up (+85) - CHFMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CHFMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFMYR.
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 CHFMYR
The long-term trend has been UP since Mar 1st, 2023 at 4.8011219
The intermediate-term trend has been UP since Nov 28th, 2023 at 5.3249097
The short-term trend has been DOWN since Nov 28th, 2023 at 5.2980095
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3006618 | 5.3156279 | 5.2934612 | 5.3041842 | +0.0035220 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3006618 | 2023-11-29 06:46:06 |