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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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
0.357710 0.358085 0.357405 0.358085 +0.000375
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long term trend has been DOWN since Nov 1st, 2018 at 0.360780

intermediate term up The intermediate term trend has been UP since Feb 6th, 2019 at 0.362005

short term up The short term trend has been UP since Feb 19th, 2019 at 0.359105

Smart Scan Analysis for MYRNZD

Based on a pre-defined weighted trend formula for chart analysis, MYRNZD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.357710 0.358085 0.357405 0.358085 +0.000375
Prev. Close Volume Bid Ask Time
0.357710 0.358040 0.358130 2019-02-20 05:11:17
Want to analyze Malaysian Ringt/New Zealand Dollar MYRNZD or another symbol? Try our Free Forex Trend Analysis Report.