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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Strong Downtrend (-100) - MYRNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.37092034 0.37118609 0.37003093 0.37015811 -0.00076200
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.36800592

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 0.37358181

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.38258650

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
0.37092034 0.37118609 0.37003093 0.37015811 -0.00076200
Prev. Close Volume Bid Ask Time
0.37092034 0.37009198 0.37022425 2020-06-02 01:30:49
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