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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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.3322053 3.3345134 3.3057949 3.3057949 -0.0264100
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 3.3074577

intermediate term up The intermediate-term trend has been UP since Jan 7th, 2022 at 3.3164710

short term down 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).

-75
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3322053 3.3345134 3.3057949 3.3057949 -0.0264100
Prev. Close Volume Bid Ask Time
3.3322053 2022-01-24 10:29:56
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