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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Bear Market Rally (-75) - MYRCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MYRCAD as it may be in the beginning of a reversal.

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
0.28268182 0.28268182 0.28268182 0.28268182 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term down The long-term trend has been DOWN since Apr 14th, 2023 at 0.30238715

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2023 at 0.29080620

short term down The short-term trend has been DOWN since Feb 22nd, 2024 at 0.28155828

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28268182 0.28268182 0.28268182 0.28268182 0.00000000
Prev. Close Volume Bid Ask Time
0.28268182 2024-02-25 03:45:55
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