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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Crossroads (-60) - NZDMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 13th, 2025 at 2.5878235
The intermediate-term trend has been DOWN since May 4th, 2025 at 2.5294107
The short-term trend has been DOWN since May 5th, 2025 at 2.5041707
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5460405 | 2.5495692 | 2.5264822 | 2.5392218 | -0.0068190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5460405 | 2025-05-08 23:00:36 |