Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Sidelines Mode (-55) - NZDMYR 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 NZDMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since Sep 29th, 2021 at 2.8739466
The intermediate-term trend has been UP since Oct 17th, 2021 at 2.9418764
The short-term trend has been DOWN since Oct 22nd, 2021 at 2.9729991
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).