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.
MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been DOWN since Jan 14th, 2021 at 0.31282452
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 0.31521356
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).