Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Strong Uptrend (+100) - CADMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 4th, 2020 at 3.1798229
The intermediate-term trend has been UP since Jan 12th, 2021 at 3.1894343
The short-term trend has been UP since Feb 21st, 2021 at 3.1933849
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).