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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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.37563763 0.37575510 0.37446363 0.37468518 -0.00095200
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Dec 1st, 2019 at 0.37124000

intermediate term up The intermediate-term trend has been UP since Jan 7th, 2020 at 0.36841732

short term up 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).

+50
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37563763 0.37575510 0.37446363 0.37468518 -0.00095200
Prev. Close Volume Bid Ask Time
0.37563763 0.37453674 0.37483361 2020-02-17 16:23:34
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