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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Weak Downtrend (-65) - MYRNZD is showing signs of a strengthening downtrend. Monitor MYRNZD as it may be building momentum to the downside.

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
0.37884304 0.38002533 0.37879592 0.37962720 +0.00078400
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Nov 4th, 2024 at 0.36405314

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2024 at 0.38579432

short term down The short-term trend has been DOWN since Nov 12th, 2024 at 0.37857000

Smart Scan Analysis for MYRNZD

Based on our trend formula, MYRNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37884304 0.38002533 0.37879592 0.37962720 +0.00078400
Prev. Close Volume Bid Ask Time
0.37884304 2024-11-20 03:39:01
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