Free Daily Analysis

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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.1626885 3.1691028 3.1616826 3.1690324 +0.0063440
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term up The long-term trend has been UP since Jun 1st, 2020 at 3.1715631

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 3.1326574

short term down 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).

+85
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1626885 3.1691028 3.1616826 3.1690324 +0.0063440
Prev. Close Volume Bid Ask Time
3.1626885 3.1671793 3.1708854 2020-06-04 05:07:15
Get a free daily analysis and signals for Canadian Dollar/Malaysian Ringt (CADMYR) - Request Your Free Report.