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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Long-Term Downtrend (-90) - NZDMYR is in a strong downtrend that is likely to continue. While NZDMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since Dec 4th, 2024 at 2.5870117
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.5930142
The short-term trend has been DOWN since Dec 17th, 2024 at 2.5637776
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5374214 | 2.5422463 | 2.5374214 | 2.5422463 | +0.0048250 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5374214 | 2024-12-20 03:01:48 |