Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Strong Downtrend (-100) - CHFMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been DOWN since Nov 23rd, 2020 at 4.4836348
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 4.5447916
The short-term trend has been DOWN since Feb 15th, 2021 at 4.5296148
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).