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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Long-Term Downtrend (-90) - CADMYR is in a strong downtrend that is likely to continue. While CADMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CADMYR
The long-term trend has been DOWN since Apr 17th, 2024 at 3.4479143
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 3.4725964
The short-term trend has been DOWN since Apr 29th, 2024 at 3.4889580
Smart Scan Analysis for CADMYR
Based on our trend formula, CADMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4721717 | 3.4739915 | 3.4721717 | 3.4739915 | +0.0018200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4721717 | 2024-05-01 16:48:34 |