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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MYRNZD
Open High Low MYRNZD Price Change
0.361375 0.363575 0.361205 0.362415 +0.001040
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term up The long term trend has been UP since May 21st, 2019 at 0.367865

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2019 at 0.360790

short term down The short term trend has been DOWN since Jul 11th, 2019 at 0.362785

Smart Scan Analysis for MYRNZD

Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored -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
0.361375 0.363575 0.361205 0.362415 +0.001040
Prev. Close Volume Bid Ask Time
0.361375 0.362280 0.362550 2019-07-16 23:24:19
Want to analyze Malaysian Ringt/New Zealand Dollar MYRNZD or another symbol? Try our Free Forex Trend Analysis Report.