Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Crossroads (-60) - CHFMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Sep 19th, 2021 at 4.4836625
The intermediate-term trend has been UP since Oct 19th, 2021 at 4.5309036
The short-term trend has been UP since Oct 14th, 2021 at 4.5042423
Smart Scan Analysis for CHFMYR
Based on our trend formula, CHFMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).