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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)

Weak Downtrend (-65) - CADMYR is showing signs of a strengthening downtrend. Monitor CADMYR as it may be building momentum to the downside.

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
3.4732361 3.4761927 3.4482010 3.4549597 -0.0182760
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term up The long-term trend has been UP since Mar 1st, 2023 at 3.3053772

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 3.4725964

short term down The short-term trend has been DOWN since Apr 5th, 2024 at 3.4947322

Smart Scan Analysis for CADMYR

Based on our trend formula, CADMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4732361 3.4761927 3.4482010 3.4549597 -0.0182760
Prev. Close Volume Bid Ask Time
3.4732361 2024-04-16 16:29:32
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