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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 NZDMYR Price Change
2.73015 2.73205 2.72965 2.73025 +0.00010
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long term trend has been DOWN since Mar 28th, 2018 at 2.78160

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 2.74515

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 2.72250

Smart Scan Analysis for NZDMYR

Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.73015 2.73205 2.72965 2.73025 +0.00010
Prev. Close Volume Bid Ask Time
2.73015 2.72860 2.73190 2018-10-24 00:32:49
Want to analyze New Zealand Dollar/Malaysian Ringt NZDMYR or another symbol? Try our Free Forex Trend Analysis Report.