Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Weak Uptrend (+65) - CADMYR is showing signs of weakening momentum to the upside. Monitor CADMYR as it may be in the beginning stages of a reversal.
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 Dec 4th, 2020 at 3.1798229
The intermediate-term trend has been UP since Jan 12th, 2021 at 3.1894343
The short-term trend has been DOWN since Feb 28th, 2021 at 3.2085519
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).