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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Bear Market Rally (-75) - NZDMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDMYR as it may be in the beginning 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
2.8184127 2.8258952 2.8184127 2.8220393 +0.0036270
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 2.8548261

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2024 at 2.8784460

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2.8518782

Smart Scan Analysis for NZDMYR

Based on our trend formula, NZDMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8184127 2.8258952 2.8184127 2.8220393 +0.0036270
Prev. Close Volume Bid Ask Time
2.8184127 2024-04-16 04:55:34
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