Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Countertrend Down (-85) - MYRNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Nov 28th, 2023 at 0.34957626
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 0.35092024
The short-term trend has been UP since Dec 4th, 2023 at 0.34875469
Smart Scan Analysis for MYRNZD
Based on our trend formula, MYRNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).