Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)
Strong Downtrend (-100) - MYRNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Jun 1st, 2020 at 0.36800592
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 0.33853612
The short-term trend has been DOWN since Apr 13th, 2021 at 0.34294914
Smart Scan Analysis for MYRNZD
Based on our trend formula, MYRNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).