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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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.1908904 3.1966405 3.1906927 3.1931483 +0.0022580
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term up The long-term trend has been UP since Dec 4th, 2020 at 3.1798229

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2021 at 3.1894343

short term down 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).

+65
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1908904 3.1966405 3.1906927 3.1931483 +0.0022580
Prev. Close Volume Bid Ask Time
3.1908904 2021-03-01 03:47:06
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