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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Countertrend Down (-85) - MYRCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.29579934 0.29779201 0.29561801 0.29723196 +0.00143300
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term down The long-term trend has been DOWN since Jan 14th, 2021 at 0.31282452

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2021 at 0.30251793

short term up The short-term trend has been UP since Apr 20th, 2021 at 0.30418237

Smart Scan Analysis for MYRCAD

Based on our trend formula, MYRCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29579934 0.29779201 0.29561801 0.29723196 +0.00143300
Prev. Close Volume Bid Ask Time
0.29579934 2021-05-07 17:37:47
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