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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malaysian Ringt/Swiss Franc (FOREX:MYRCHF)
Long-Term Uptrend (+90) - MYRCHF is in a strong uptrend that is likely to continue. While MYRCHF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 24th, 2024 at 0.20016528
The short-term trend has been UP since Dec 24th, 2024 at 0.20048159
Smart Scan Analysis for MYRCHF
Based on our trend formula, MYRCHF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19997008 | 0.20003633 | 0.19987286 | 0.19991025 | -0.00006000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19997008 | 2024-12-26 05:31:21 |