Analyze Symbol
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.
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MarketClub’s Trade Triangles for MYRCHF
The long term trend has been DOWN since Jan 1st, 2019 at 0.235585
The intermediate term trend has been DOWN since May 13th, 2019 at 0.242735
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).
| 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 |