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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Weak Uptrend (+65) - NZDMYR is showing signs of weakening momentum to the upside. Monitor NZDMYR as it may be in the beginning stages of a reversal.

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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.6311638 2.6463214 2.6282949 2.6438137 +0.0126500
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long-term trend has been UP since Nov 4th, 2024 at 2.7271984

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.5930142

short term up The short-term trend has been UP since Nov 13th, 2024 at 2.6423896

Smart Scan Analysis for NZDMYR

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

+65
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6311638 2.6463214 2.6282949 2.6438137 +0.0126500
Prev. Close Volume Bid Ask Time
2.6385240 2024-11-19 20:53:49
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