Forex Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Bull Market Weakness (+75) - CHFMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been UP since Feb 2nd, 2020 at 4.2545157
The intermediate-term trend has been UP since Jun 11th, 2020 at 4.5272311
The short-term trend has been DOWN since Jul 7th, 2020 at 4.5279551
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).