Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Bear Market Rally (-75) - CADMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADMYR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADMYR
The long-term trend has been DOWN since Aug 19th, 2021 at 3.3074577
The intermediate-term trend has been UP since Jan 7th, 2022 at 3.3164710
The short-term trend has been DOWN since Jan 21st, 2022 at 3.3377347
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).