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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Sidelines Mode (-55) - NZDMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.9802504 2.9839060 2.9665848 2.9665848 -0.0136660
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since Sep 29th, 2021 at 2.8739466

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2021 at 2.9418764

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 2.9729991

Smart Scan Analysis for NZDMYR

Based on our trend formula, NZDMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9802504 2.9839060 2.9665848 2.9665848 -0.0136660
Prev. Close Volume Bid Ask Time
2.9802504 2021-10-22 12:49:58
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