Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been DOWN since Apr 14th, 2023 at 0.30238715
The intermediate-term trend has been UP since Apr 12th, 2024 at 0.28803589
The short-term trend has been DOWN since Apr 18th, 2024 at 0.28664993
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 |
|---|---|---|---|---|
| 0.28779013 | 0.28779013 | 0.28779013 | 0.28779013 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28779013 | 2024-04-20 00:31:53 |