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.
MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been UP since Mar 6th, 2020 at 0.32477062
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.31833628
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).