Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Countertrend Up (+85) - CADMYR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CADMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADMYR
The long-term trend has been UP since Jun 1st, 2020 at 3.1715631
The intermediate-term trend has been UP since May 19th, 2020 at 3.1326574
The short-term trend has been DOWN since Jun 3rd, 2020 at 3.1430549
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).