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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.241985 0.242185 0.241960 0.242060 +0.000075
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long term trend has been DOWN since Jan 1st, 2019 at 0.235585

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 0.242735

short term down The short term trend has been DOWN since Apr 30th, 2019 at 0.246025

Smart Scan Analysis for MYRCHF

Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.241985 0.242185 0.241960 0.242060 +0.000075
Prev. Close Volume Bid Ask Time
0.241985 0.241960 0.242160 2019-05-19 17:26:20
Want to analyze Malaysian Ringt/Swiss Franc MYRCHF or another symbol? Try our Free Forex Trend Analysis Report.