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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Strong Downtrend (-100) - NZDMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDMYR continues to fall. Traders should use caution and set stops.

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
2.7429686 2.7448788 2.7315915 2.7315915 -0.0113770
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since May 9th, 2022 at 2.7635494

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 2.7997825

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 2.7680942

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
2.7429686 2.7448788 2.7315915 2.7315915 -0.0113770
Prev. Close Volume Bid Ask Time
2.7429686 2022-07-05 03:41:05
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