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.
MarketClub’s Trade Triangles for CHFMYR
The long-term trend has been UP since Dec 1st, 2021 at 4.5919630
The intermediate-term trend has been UP since Jan 13th, 2022 at 4.5866232
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).