Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Sidelines Mode (-55) - MYRNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MYRNZD
The long-term trend has been DOWN since Apr 11th, 2025 at 0.38453500
The intermediate-term trend has been UP since May 4th, 2025 at 0.39532005
The short-term trend has been DOWN since May 6th, 2025 at 0.39212646
Smart Scan Analysis for MYRNZD
Based on our trend formula, MYRNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.39261468 | 0.39562923 | 0.39225989 | 0.39365303 | +0.00103800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.39261468 | 2025-05-08 23:32:01 |