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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Crossroads (-60) - MYRCAD is struggling to move into a solid trend. Beware of choppy markets 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
0.31660995 0.31785946 0.31592166 0.31784486 +0.00123500
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long-term trend has been UP since Mar 6th, 2020 at 0.32477062

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 0.31833628

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.32321828

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31660995 0.31785946 0.31592166 0.31784486 +0.00123500
Prev. Close Volume Bid Ask Time
0.31660995 0.31783234 0.31785737 2020-05-28 12:14:45
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