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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Countertrend Up (+85) - MYRCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 3rd, 2024 at 0.28897121
The intermediate-term trend has been UP since Dec 5th, 2024 at 0.31760705
The short-term trend has been DOWN since Dec 24th, 2024 at 0.31841375
Smart Scan Analysis for MYRCAD
Based on our trend formula, MYRCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.31914250 | 0.32102609 | 0.31910297 | 0.32092566 | +0.00178300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.31914250 | 2024-12-26 15:30:45 |