Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Sidelines Mode (-55) - CADMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Aug 19th, 2021 at 3.3074577
The intermediate-term trend has been DOWN since Nov 4th, 2021 at 3.3373852
The short-term trend has been UP since Dec 6th, 2021 at 3.3087718
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).