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.

Open	High	Low	MYRNZD Price	Change
0.35670908	0.35819532	0.35405282	0.35793865	+0.00123000
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

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

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

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

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

Get a free daily analysis and signals for Malaysian Ringt/New Zealand Dollar (MYRNZD) - Request Your Free Report.