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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.363930 0.364875 0.363930 0.364215 +0.000285
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term up The long term trend has been UP since Mar 28th, 2018 at 0.359530

intermediate term up The intermediate term trend has been UP since Apr 23rd, 2018 at 0.359140

short term down The short term trend has been DOWN since May 18th, 2018 at 0.363565

Smart Scan Analysis for MYRNZD

Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.363930 0.364875 0.363930 0.364215 +0.000285
Prev. Close Volume Bid Ask Time
0.363930 0.364170 0.364260 2018-05-23 04:21:03
Want to analyze Malaysian Ringt/New Zealand Dollar MYRNZD or another symbol? Try our Free Forex Trend Analysis Report.