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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Strong Uptrend (+100) - MYRCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MYRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCAD.
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 MYRCAD
The long-term trend has been UP since May 3rd, 2024 at 0.28897121
The intermediate-term trend has been UP since Apr 12th, 2024 at 0.28803589
The short-term trend has been UP since Apr 30th, 2024 at 0.28680183
Smart Scan Analysis for MYRCAD
Based on our trend formula, MYRCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28983908 | 0.29018085 | 0.28937048 | 0.28994103 | +0.00010200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28983908 | 2024-05-09 13:58:55 |