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Forex Trend Analysis Report

Prepared for you on Saturday, November 28, 2020.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Strong Uptrend (+100) - NZDMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid NZDMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.8613289 2.8663696 2.8547978 2.8602052 -0.0011240
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long-term trend has been UP since Jun 1st, 2020 at 2.7178111

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2020 at 2.7682549

short term up The short-term trend has been UP since Nov 2nd, 2020 at 2.7584949

Smart Scan Analysis for NZDMYR

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

+100
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8613289 2.8663696 2.8547978 2.8602052 -0.0011240
Prev. Close Volume Bid Ask Time
2.8613289 2020-11-27 12:50:53
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