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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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.

FOREX_MYRCAD
Open High Low MYRCAD Price Change
0.29959909 0.30159750 0.29861677 0.30119550 +0.00159600
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long-term trend has been UP since Aug 20th, 2021 at 0.30338700

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2021 at 0.30011019

short term down The short-term trend has been DOWN since Dec 6th, 2021 at 0.30097394

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).

+55
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29959909 0.30159750 0.29861677 0.30119550 +0.00159600
Prev. Close Volume Bid Ask Time
0.29959909 2021-12-08 17:57:31
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