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Forex Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Long-Term Uptrend (+90) - MYRNZD is in a strong uptrend that is likely to continue. While MYRNZD 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 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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.35503366 0.35503366 0.35503366 0.35503366 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term up The long-term trend has been UP since Nov 30th, 2021 at 0.34854877

intermediate term up The intermediate-term trend has been UP since Jan 20th, 2022 at 0.35419461

short term up The short-term trend has been UP since Jan 17th, 2022 at 0.35172139

Smart Scan Analysis for MYRNZD

Based on our trend formula, MYRNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35503366 0.35503366 0.35503366 0.35503366 0.00000000
Prev. Close Volume Bid Ask Time
0.35503366 2022-01-22 22:55:30
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