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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.
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MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since May 9th, 2022 at 2.7635494
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 2.7997825
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).
| 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 |