Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Canadian Dollar/Malaysian Ringt (FOREX:CADMYR)
Strong Uptrend (+100) - CADMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 4th, 2020 at 3.1798229
The intermediate-term trend has been UP since Apr 19th, 2021 at 3.3065343
The short-term trend has been UP since Apr 12th, 2021 at 3.2945682
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).