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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)

Strong Downtrend (-100) - CADMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADMYR continues to fall. 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.

FOREX_CADMYR
Open High Low CADMYR Price Change
3.4111304 3.4187130 3.4111304 3.4187130 +0.0075830
Entry Signal

MarketClub’s Trade Triangles for CADMYR

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 3.4479143

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 3.4240693

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 3.4531166

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).

-100
Smart Scan Analysis for CADMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4111304 3.4187130 3.4111304 3.4187130 +0.0075830
Prev. Close Volume Bid Ask Time
3.4111304 2024-07-19 06:35:27
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