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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.

FOREX_CHFMYR
Open High Low CHFMYR Price Change
4.5308337 4.5354640 4.5275591 4.5302513 -0.0005820
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since Feb 2nd, 2020 at 4.2545157

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2020 at 4.5272311

short term down 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).

+75
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5308337 4.5354640 4.5275591 4.5302513 -0.0005820
Prev. Close Volume Bid Ask Time
4.5308337 4.5275967 4.5329058 2020-07-10 08:46:42
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