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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
0.246705 0.246725 0.245880 0.246165 -0.000540
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 up The intermediate term trend has been UP since Jan 30th, 2019 at 0.242810

short term down The short term trend has been DOWN since Feb 18th, 2019 at 0.246035

Smart Scan Analysis for MYRCHF

Based on a pre-defined weighted trend formula for chart analysis, MYRCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.246705 0.246725 0.245880 0.246165 -0.000540
Prev. Close Volume Bid Ask Time
0.246705 0.246140 0.246190 2019-02-20 05:09:22
Want to analyze Malaysian Ringt/Swiss Franc MYRCHF or another symbol? Try our Free Forex Trend Analysis Report.