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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CHFMYR
Open High Low CHFMYR Price Change
4.0632 4.0632 4.0632 4.0632 0.0000
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long term trend has been DOWN since Jan 17th, 2019 at 4.1350

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 4.1901

short term down The short term trend has been DOWN since Jan 29th, 2019 at 4.1371

Smart Scan Analysis for CHFMYR

Based on a pre-defined weighted trend formula for chart analysis, CHFMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0632 4.0632 4.0632 4.0632 0.0000
Prev. Close Volume Bid Ask Time
4.0632 4.0607 4.0657 2019-02-16 10:45:42
Want to analyze Swiss Franc/Malaysian Ringt CHFMYR or another symbol? Try our Free Forex Trend Analysis Report.