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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Long-Term Uptrend (+90) - MYRCAD is in a strong uptrend that is likely to continue. While MYRCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid MYRCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRCAD
Open High Low MYRCAD Price Change
0.31170966 0.31170966 0.31170966 0.31170966 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long-term trend has been UP since Nov 28th, 2022 at 0.29998534

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2023 at 0.30844481

short term up The short-term trend has been UP since Mar 17th, 2023 at 0.30779433

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31170966 0.31170966 0.31170966 0.31170966 0.00000000
Prev. Close Volume Bid Ask Time
0.31170966 2023-03-25 06:27:03
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