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Forex Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)

Crossroads (+60) - CADMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
3.1548728 3.1734472 3.1548728 3.1712488 +0.0163760
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long-term trend has been DOWN since Sep 21st, 2020 at 3.1131298

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2020 at 3.1518788

short term up The short-term trend has been UP since Oct 20th, 2020 at 3.1500936

Smart Scan Analysis for CADMYR

Based on our trend formula, CADMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1548728 3.1734472 3.1548728 3.1712488 +0.0163760
Prev. Close Volume Bid Ask Time
3.1548728 2020-10-23 05:50:34
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