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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

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
0.35293371 0.35324499 0.35229753 0.35284036 -0.00009300
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term up The long-term trend has been UP since Mar 27th, 2024 at 0.35083771

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2024 at 0.34934198

short term up The short-term trend has been UP since Jul 9th, 2024 at 0.34751381

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
0.35293371 0.35324499 0.35229753 0.35284036 -0.00009300
Prev. Close Volume Bid Ask Time
0.35293371 2024-07-18 08:04:27
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