Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Sidelines Mode (-55) - CHFMYR 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 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.

FOREX_CHFMYR
Open High Low CHFMYR Price Change
5.2607896 5.2704070 5.2607896 5.2698145 +0.0090250
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 5.2964418

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 5.2331548

short term up The short-term trend has been UP since Jul 16th, 2024 at 5.2282366

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2607896 5.2704070 5.2607896 5.2698145 +0.0090250
Prev. Close Volume Bid Ask Time
5.2607896 2024-07-19 06:35:27
Get a free daily analysis and signals for Swiss Franc/Malaysian Ringt (CHFMYR) - Request Your Free Report.