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Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2025.
Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)
Bear Market Rally (-75) - CHFMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFMYR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been DOWN since Jan 13th, 2025 at 4.9121173
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 4.9693613
The short-term trend has been UP since Jan 21st, 2025 at 4.9542397
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.8580267 | 4.8591627 | 4.8426631 | 4.8479964 | -0.0100300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8580267 | 2025-01-28 05:00:53 |