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.
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).