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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Countertrend Up (+85) - CHFMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
5.3006618 5.3156279 5.2934612 5.3041842 +0.0035220
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 Nov 28th, 2023 at 5.3249097

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 5.2980095

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3006618 5.3156279 5.2934612 5.3041842 +0.0035220
Prev. Close Volume Bid Ask Time
5.3006618 2023-11-29 06:46:06
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