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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Long-Term Downtrend (-90) - NZDMYR is in a strong downtrend that is likely to continue. While NZDMYR is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been DOWN since Mar 27th, 2024 at 2.8548261
The intermediate-term trend has been DOWN since Jun 27th, 2024 at 2.8644879
The short-term trend has been DOWN since Jul 9th, 2024 at 2.8779622
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7444375 | 2.7481281 | 2.7412552 | 2.7481281 | +0.0036910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7444375 | 2024-07-26 05:30:45 |