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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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.

FOREX_MYRCAD
Open High Low MYRCAD Price Change
0.28793053 0.28800322 0.28724329 0.28726584 -0.00066500
Entry Signal

MarketClub’s Trade Triangles for MYRCAD

long term down The long-term trend has been DOWN since Apr 14th, 2023 at 0.30238715

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2024 at 0.28803589

short term up The short-term trend has been UP since Apr 11th, 2024 at 0.28684170

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).

+60
Smart Scan Analysis for MYRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28793053 0.28800322 0.28724329 0.28726584 -0.00066500
Prev. Close Volume Bid Ask Time
0.28793053 2024-04-15 07:49:36
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