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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Strong Downtrend (-100) - NZDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDMYR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since Dec 4th, 2024 at 2.5870117
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.5930142
The short-term trend has been DOWN since Dec 17th, 2024 at 2.5637776
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5283542 | 2.5283542 | 2.5184455 | 2.5189101 | -0.0094440 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5283542 | 2024-12-26 04:54:52 |