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Forex Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

Swiss Franc/Malaysian Ringt (FOREX:CHFMYR)

Long-Term Uptrend (+90) - CHFMYR is in a strong uptrend that is likely to continue. While CHFMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
4.5755098 4.5771878 4.5732506 4.5734442 -0.0020660
Entry Signal

MarketClub’s Trade Triangles for CHFMYR

long term up The long-term trend has been UP since Dec 1st, 2021 at 4.5919630

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2022 at 4.5866232

short term up The short-term trend has been UP since Jan 13th, 2022 at 4.5711005

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5755098 4.5771878 4.5732506 4.5734442 -0.0020660
Prev. Close Volume Bid Ask Time
4.5755098 2022-01-16 23:21:11
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