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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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.3391464 3.3432994 3.3359146 3.3432994 +0.0041530
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 3.3074577

intermediate term down The intermediate-term trend has been DOWN since Nov 4th, 2021 at 3.3373852

short term up 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).

-55
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3391464 3.3432994 3.3359146 3.3432994 +0.0041530
Prev. Close Volume Bid Ask Time
3.3391464 2021-12-08 04:05:10
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