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Forex Trend Analysis Report

Prepared for you on Thursday, June 8, 2023.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Sidelines Mode (-55) - MYRNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.35816313 0.35851119 0.35626089 0.35656313 -0.00160000
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.34928617

intermediate term up The intermediate-term trend has been UP since May 31st, 2023 at 0.36165892

short term down The short-term trend has been DOWN since Jun 1st, 2023 at 0.35788806

Smart Scan Analysis for MYRNZD

Based on our trend formula, MYRNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35816313 0.35851119 0.35626089 0.35656313 -0.00160000
Prev. Close Volume Bid Ask Time
0.35816313 2023-06-08 04:00:15
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