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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Weak Downtrend (-65) - MYRCAD is showing signs of a strengthening downtrend. Monitor MYRCAD as it may be building momentum to the downside.

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
0.31285657 0.31289995 0.31226934 0.31244710 -0.00040900
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long-term trend has been UP since May 3rd, 2024 at 0.28897121

intermediate term down The intermediate-term trend has been DOWN since Oct 23rd, 2024 at 0.31751508

short term down The short-term trend has been DOWN since Nov 19th, 2024 at 0.31302304

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31285657 0.31289995 0.31226934 0.31244710 -0.00040900
Prev. Close Volume Bid Ask Time
0.31285657 2024-11-20 03:32:57
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