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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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.9612468 2.9667056 2.9548771 2.9600766 -0.0011700
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long-term trend has been UP since Jul 12th, 2021 at 3.0284532

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2021 at 2.9454180

short term up 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).

+90
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9612468 2.9667056 2.9548771 2.9600766 -0.0011700
Prev. Close Volume Bid Ask Time
2.9612468 2021-07-30 05:36:13
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