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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Malaysian Ringt/Canadian Dollar (FOREX:MYRCAD)

Countertrend Up (+85) - MYRCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.31914250 0.31991709 0.31910297 0.31965213 +0.00051000
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 up The intermediate-term trend has been UP since Dec 5th, 2024 at 0.31760705

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 0.31841375

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
0.31914250 0.31991709 0.31910297 0.31965213 +0.00051000
Prev. Close Volume Bid Ask Time
0.31914250 2024-12-26 05:27:29
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