Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Sidelines Mode (+50) - MYRNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MYRNZD can gain momentum.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for MYRNZD
The long-term trend has been DOWN since Dec 1st, 2019 at 0.37124000
The intermediate-term trend has been UP since Jan 7th, 2020 at 0.36841732
The short-term trend has been UP since Feb 16th, 2020 at 0.37600436
Smart Scan Analysis for MYRNZD
Based on our trend formula, MYRNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).