Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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.

Open	High	Low	NZDMYR Price	Change
2.8103127	2.8230562	2.8103127	2.8202271	+0.0099140
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

The long-term trend has been DOWN since Mar 27th, 2024 at 2.8548261

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2.8087333

The short-term trend has been UP since Apr 18th, 2024 at 2.8361366

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.8103127	2.8230562	2.8103127	2.8202271	+0.0099140
Prev. Close	Volume	Bid	Ask	Time
2.8103127				2024-04-19 05:56:08

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