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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.9770327 2.9770327 2.9743424 2.9743424 -0.0026900
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long-term trend has been UP since Jun 1st, 2020 at 2.7178111

intermediate term up The intermediate-term trend has been UP since Dec 31st, 2020 at 2.9026261

short term up The short-term trend has been UP since Feb 19th, 2021 at 2.9252722

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).

+90
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9770327 2.9770327 2.9743424 2.9743424 -0.0026900
Prev. Close Volume Bid Ask Time
2.9770327 2021-02-26 04:53:00
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