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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Bull Market Weakness (+75) - MYRCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MYRCAD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been UP since May 5th, 2025 at 0.32933423
The intermediate-term trend has been UP since Apr 30th, 2025 at 0.32147305
The short-term trend has been DOWN since May 8th, 2025 at 0.32494437
Smart Scan Analysis for MYRCAD
Based on our trend formula, MYRCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.32565142 | 0.32605382 | 0.32347414 | 0.32362642 | -0.00202500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.32565142 | 2025-05-08 23:06:13 |