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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.
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MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been UP since Aug 20th, 2021 at 0.30338700
The intermediate-term trend has been UP since Nov 4th, 2021 at 0.30011019
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).
| 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 |