Forex Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

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.

Open	High	Low	NZDMYR Price	Change
2.7983831	2.7983888	2.7973942	2.7983888	+0.0000060
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

The long-term trend has been DOWN since Aug 10th, 2023 at 2.7544511

The intermediate-term trend has been UP since Sep 19th, 2023 at 2.7811626

The short-term trend has been UP since Sep 24th, 2023 at 2.7917157

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.7983831	2.7983888	2.7973942	2.7983888	+0.0000060
Prev. Close	Volume	Bid	Ask	Time
2.7983831				2023-09-26 00:21:57

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