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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Bear Market Rally (-75) - NZDMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDMYR as it may be in the beginning of a reversal.
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 UP since Jan 31st, 2025 at 2.4936886
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4937371 | 2.5116329 | 2.4922188 | 2.5074928 | +0.0137560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4937371 | 2025-02-04 23:00:27 |