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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Long-Term Uptrend (+90) - NZDMYR is in a strong uptrend that is likely to continue. While NZDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Mar 1st, 2023 at 2.8565066
The intermediate-term trend has been UP since Feb 28th, 2023 at 2.7789758
The short-term trend has been UP since Mar 17th, 2023 at 2.7974019
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7998150 | 2.8092382 | 2.7955622 | 2.7955622 | -0.0042530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7998150 | 2023-03-20 05:31:42 |