Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Countertrend Up (+85) - MYRNZD 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 MYRNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	MYRNZD Price	Change
0.35108192	0.35154673	0.35085932	0.35154673	+0.00046500
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

The long-term trend has been UP since Mar 27th, 2024 at 0.35083771

The intermediate-term trend has been UP since Apr 16th, 2024 at 0.35653654

The short-term trend has been UP since May 8th, 2024 at 0.35214929

Smart Scan Analysis for MYRNZD

Based on our trend formula, MYRNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.35108192	0.35154673	0.35085932	0.35154673	+0.00046500
Prev. Close	Volume	Bid	Ask	Time
0.35108192				2024-05-09 02:28:11

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