Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Weak Downtrend (-65) - MYRNZD is showing signs of a strengthening downtrend. Monitor MYRNZD as it may be building momentum to the downside.
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 Mar 1st, 2023 at 0.34928617
The intermediate-term trend has been DOWN since Mar 29th, 2023 at 0.35378954
The short-term trend has been DOWN since Mar 29th, 2023 at 0.36214014
Smart Scan Analysis for MYRNZD
Based on our trend formula, MYRNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).