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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.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.36386144 0.36387797 0.36200857 0.36286375 -0.00099800
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.34928617

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2023 at 0.35378954

short term down 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).

-70
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36386144 0.36387797 0.36200857 0.36286375 -0.00099800
Prev. Close Volume Bid Ask Time
0.36386144 2023-03-30 08:24:13
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