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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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
5.3404955 5.3435201 5.3103588 5.3216575 -0.0188380
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 Mar 15th, 2024 at 5.4609379

short term up The short-term trend has been UP since Mar 15th, 2024 at 5.3412081

Smart Scan Analysis for CHFMYR

Based on our trend formula, CHFMYR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CHFMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3404955 5.3435201 5.3103588 5.3216575 -0.0188380
Prev. Close Volume Bid Ask Time
5.3231019 2024-03-18 23:13:16
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