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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Crossroads (+60) - NZDMYR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.6969712 2.6978189 2.6917893 2.6939687 -0.0030030
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 2.6136825

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 2.6765415

short term up The short-term trend has been UP since May 18th, 2020 at 2.6133263

Smart Scan Analysis for NZDMYR

Based on our trend formula, NZDMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6969712 2.6978189 2.6917893 2.6939687 -0.0030030
Prev. Close Volume Bid Ask Time
2.6969712 2.6924195 2.6955178 2020-05-31 16:05:52
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