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.
MarketClub’s Trade Triangles for MYRNZD
The long-term trend has been DOWN since Jun 1st, 2020 at 0.36800592
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.37358181
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).