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Forex Trend Analysis Report

Prepared for you on Friday, November 24, 2017.

Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.23785 3.23935 3.23265 3.23935 +0.00150
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long term trend has been DOWN since Nov 1st, 2017 at 3.27960

intermediate term down The intermediate term trend has been DOWN since Oct 31st, 2017 at 3.28700

short term down The short term trend has been DOWN since Nov 9th, 2017 at 3.29845

Smart Scan Analysis for CADMYR

Based on a pre-defined weighted trend formula for chart analysis, CADMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.23785 3.23935 3.23265 3.23935 +0.00150
Prev. Close Volume Bid Ask Time
3.23785 3.23740 3.24130 2017-11-24 09:48:56
Want to analyze Canadian Dollar/Malaysian Ringt CADMYR or another symbol? Try our Free Forex Trend Analysis Report.