Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)
Crossroads (-60) - MYRCAD 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 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.
MarketClub’s Trade Triangles for MYRCAD
The long-term trend has been UP since Sep 18th, 2020 at 0.32074716
The intermediate-term trend has been DOWN since Nov 4th, 2020 at 0.31521356
The short-term trend has been DOWN since Nov 30th, 2020 at 0.31874138
Smart Scan Analysis for MYRCAD
Based on our trend formula, MYRCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).