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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.5909522 2.5914795 2.5854981 2.5862291 -0.0047230
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since Dec 4th, 2024 at 2.5870117

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.5930142

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 2.6233652

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).

-100
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5909522 2.5914795 2.5854981 2.5862291 -0.0047230
Prev. Close Volume Bid Ask Time
2.5909522 2024-12-06 02:48:31
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