Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NZDMYR
Open High Low NZDMYR Price Change
2.7894 2.7905 2.7894 2.7905 +0.0011
Entry Signal

MarketClub’s Trade Triangles for NZDMYR

long term up The long term trend has been UP since Nov 1st, 2018 at 2.77175

intermediate term down The intermediate term trend has been DOWN since Feb 6th, 2019 at 2.76235

short term down The short term trend has been DOWN since Feb 19th, 2019 at 2.78490

Smart Scan Analysis for NZDMYR

Based on a pre-defined weighted trend formula for chart analysis, NZDMYR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for NZDMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7894 2.7905 2.7894 2.7905 +0.0011
Prev. Close Volume Bid Ask Time
2.7894 2.7888 2.7922 2019-02-23 13:36:09
Want to analyze New Zealand Dollar/Malaysian Ringt NZDMYR or another symbol? Try our Free Forex Trend Analysis Report.