Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Weak Downtrend (-65) - CNHNZD is showing signs of a strengthening downtrend. Monitor CNHNZD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNHNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHNZD.
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 CNHNZD
The long-term trend has been UP since Mar 20th, 2024 at 0.22984775
The intermediate-term trend has been DOWN since May 6th, 2024 at 0.23042980
The short-term trend has been DOWN since May 3rd, 2024 at 0.23166649
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.23035813 | 0.23076567 | 0.23029826 | 0.23055176 | +0.00019400 |
Prev. Close | Volume | Bid | Ask | Time |
0.23035813 | 2024-05-09 06:10:46 |