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.
MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since Mar 1st, 2020 at 2.6136825
The intermediate-term trend has been UP since May 20th, 2020 at 2.6765415
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).