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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Weak Uptrend (+65) - CHFMYR is showing signs of weakening momentum to the upside. Monitor CHFMYR as it may be in the beginning stages of a reversal.

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
4.8143986 4.8203802 4.8143986 4.8203802 +0.0059820
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 4.8011219

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2023 at 4.7023221

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 4.8873984

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8143986 4.8203802 4.8143986 4.8203802 +0.0059820
Prev. Close Volume Bid Ask Time
4.8143986 2023-03-21 05:08:07
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