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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
0.35670908 0.35819532 0.35405282 0.35793865 +0.00123000
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2022 at 0.33496320

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2022 at 0.35878596

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.35230173

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
0.35670908 0.35819532 0.35405282 0.35793865 +0.00123000
Prev. Close Volume Bid Ask Time
0.35670908 2022-08-18 22:12:04
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