Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
New Zealand Dollar/Malaysian Ringt (FOREX:NZDMYR)
Strong Uptrend (+100) - NZDMYR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDMYR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NZDMYR
The long-term trend has been UP since Jun 1st, 2020 at 2.7178111
The intermediate-term trend has been UP since Oct 23rd, 2020 at 2.7682549
The short-term trend has been UP since Nov 2nd, 2020 at 2.7584949
Smart Scan Analysis for NZDMYR
Based on our trend formula, NZDMYR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).