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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.

FOREX_MYRCHF
Open High Low MYRCHF Price Change
0.22010810 0.22028894 0.21868462 0.21890805 -0.00120000
Entry Signal

MarketClub’s Trade Triangles for MYRCHF

long term down The long-term trend has been DOWN since Dec 27th, 2020 at 0.21716659

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2021 at 0.22025006

short term down 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).

-65
Smart Scan Analysis for MYRCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22010810 0.22028894 0.21868462 0.21890805 -0.00120000
Prev. Close Volume Bid Ask Time
0.22010810 2021-01-22 16:59:56
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