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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Strong Uptrend (+100) - MYRNZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MYRNZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.35301973 0.35463639 0.35264175 0.35310690 +0.00008700
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term up The long-term trend has been UP since Mar 27th, 2024 at 0.35083771

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.35653654

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.35295656

Smart Scan Analysis for MYRNZD

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

+100
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35301973 0.35463639 0.35264175 0.35310690 +0.00008700
Prev. Close Volume Bid Ask Time
0.35301973 2024-04-17 11:40:06
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