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Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Strong Downtrend (-100) - CADMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADMYR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CADMYR
The long-term trend has been DOWN since Apr 17th, 2024 at 3.4479143
The intermediate-term trend has been DOWN since Jul 11th, 2024 at 3.4240693
The short-term trend has been DOWN since Sep 10th, 2024 at 3.2037002
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.1674675 | 3.1679223 | 3.1674092 | 3.1679223 | +0.0004550 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.1650716 | 2024-09-15 20:26:00 |