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.
MarketClub’s Trade Triangles for CADMYR
The long-term trend has been DOWN since Sep 21st, 2020 at 3.1131298
The intermediate-term trend has been UP since Oct 9th, 2020 at 3.1518788
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).