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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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
0.31375028 0.31375028 0.31375028 0.31375028 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term down The long-term trend has been DOWN since Jan 14th, 2021 at 0.31282452

intermediate term down The intermediate-term trend has been DOWN since Nov 4th, 2020 at 0.31521356

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.31258484

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31375028 0.31375028 0.31375028 0.31375028 0.00000000
Prev. Close Volume Bid Ask Time
0.31375028 2021-02-28 02:22:48
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