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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Crossroads (-60) - MYRCHF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MYRCHF
The long-term trend has been UP since May 1st, 2024 at 0.19231820
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 0.18940953
The short-term trend has been DOWN since Jul 24th, 2024 at 0.18949589
Smart Scan Analysis for MYRCHF
Based on our trend formula, MYRCHF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18901909 | 0.18985903 | 0.18895981 | 0.18981948 | +0.00080000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18901909 | 2024-07-26 17:02:12 |