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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

Malaysian Ringt/New Zealand Dollar (FOREX:MYRNZD)

Sidelines Mode (-55) - MYRNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.34239385 0.34469168 0.34221088 0.34267225 +0.00027800
Entry Signal

MarketClub’s Trade Triangles for MYRNZD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.36800592

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2021 at 0.34090848

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.33848463

Smart Scan Analysis for MYRNZD

Based on our trend formula, MYRNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MYRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34239385 0.34469168 0.34221088 0.34267225 +0.00027800
Prev. Close Volume Bid Ask Time
0.34239385 2021-03-05 19:15:47
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