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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Sidelines Mode (+55) - MYRCAD 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 MYRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been UP since May 5th, 2025 at 0.32933423
The intermediate-term trend has been UP since Apr 30th, 2025 at 0.32147305
The short-term trend has been DOWN since May 30th, 2025 at 0.32437513
Smart Scan Analysis for MYRCAD
Based on our trend formula, MYRCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.32778439 | 0.32779693 | 0.32325683 | 0.32344152 | -0.00434300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.32778439 | 2025-05-30 20:21:32 |