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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
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.
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MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been UP since Nov 4th, 2024 at 2.7271984
The intermediate-term trend has been UP since Nov 3rd, 2024 at 2.6258317
The short-term trend has been DOWN since Nov 5th, 2024 at 2.6100752
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6122608 | 2.6140674 | 2.6079156 | 2.6105352 | -0.0017260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6122608 | 2024-11-05 04:22:21 |