Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Long-Term Uptrend (+90) - NZDMYR is in a strong uptrend that is likely to continue. While NZDMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been UP since Jul 12th, 2021 at 3.0284532
The intermediate-term trend has been UP since Jul 6th, 2021 at 2.9454180
The short-term trend has been UP since Jul 29th, 2021 at 2.9645328
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).