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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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.

Open High Low CADMYR Price Change
3.17320 3.17890 3.16985 3.17350 +0.00030
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term up The long term trend has been UP since Aug 22nd, 2018 at 3.15455

intermediate term up The intermediate term trend has been UP since Jul 3rd, 2018 at 3.08460

short term down The short term trend has been DOWN since Oct 17th, 2018 at 3.18580

Smart Scan Analysis for CADMYR

Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.17320 3.17890 3.16985 3.17350 +0.00030
Prev. Close Volume Bid Ask Time
3.1732 3.17160 3.17540 2018-10-22 15:14:51
Want to analyze Canadian Dollar/Malaysian Ringt CADMYR or another symbol? Try our Free Forex Trend Analysis Report.