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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Bull Market Weakness (+75) - NZDMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDMYR as it may be in the beginning stages of a reversal.

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
2.8781365 2.8788818 2.8750312 2.8782414 +0.0001050
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 2.8548261

intermediate term up The intermediate-term trend has been UP since May 9th, 2024 at 2.8575292

short term up The short-term trend has been UP since May 23rd, 2024 at 2.8820513

Smart Scan Analysis for NZDMYR

Based on our trend formula, NZDMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8781365 2.8788818 2.8750312 2.8782414 +0.0001050
Prev. Close Volume Bid Ask Time
2.8781365 2024-05-24 11:05:12
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