Forex Trend Analysis Report
Prepared for you on Friday, January 22, 2021.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Weak Downtrend (-65) - MYRCHF is showing signs of a strengthening downtrend. Monitor MYRCHF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MYRCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYRCHF
The long-term trend has been DOWN since Dec 27th, 2020 at 0.21716659
The intermediate-term trend has been UP since Jan 14th, 2021 at 0.22025006
The short-term trend has been DOWN since Jan 19th, 2021 at 0.21936424
Smart Scan Analysis for MYRCHF
Based on our trend formula, MYRCHF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).