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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low MYRNZD Price Change
0.34870 0.34900 0.34864 0.34879 +0.00009
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long term trend has been DOWN since Dec 7th, 2017 at 0.277575

intermediate term up The intermediate term trend has been UP since Jan 25th, 2018 at 0.351415

short term up The short term trend has been UP since Feb 19th, 2018 at 0.348580

Smart Scan Analysis for MYRNZD

Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34870 0.34900 0.34864 0.34879 +0.00009
Prev. Close Volume Bid Ask Time
0.34870 0.34873 0.34885 2018-02-21 01:58:00
Want to analyze Malaysian Ringt/New Zealand Dollar MYRNZD or another symbol? Try our Free Forex Trend Analysis Report.