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Forex Trend Analysis Report

Prepared for you on Tuesday, February 11, 2025.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Weak Downtrend (-65) - MYRCAD is showing signs of a strengthening downtrend. Monitor MYRCAD as it may be building momentum to the downside.

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
0.31993848 0.32003921 0.31985941 0.31991790 -0.00002100
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term up The long-term trend has been UP since May 3rd, 2024 at 0.28897121

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2025 at 0.32023930

short term down The short-term trend has been DOWN since Jan 31st, 2025 at 0.32664919

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31993848 0.32003921 0.31985941 0.31991790 -0.00002100
Prev. Close Volume Bid Ask Time
0.31993848 2025-02-11 03:05:53
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