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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Sidelines Mode (+55) - CNYNZD 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 CNYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYNZD.
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 CNYNZD
The long-term trend has been UP since Mar 19th, 2024 at 0.23277931
The intermediate-term trend has been UP since Mar 18th, 2024 at 0.23185517
The short-term trend has been DOWN since May 3rd, 2024 at 0.23106947
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23498437 | 0.23543192 | 0.23010630 | 0.23432728 | -0.00065700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23498437 | 2024-05-09 10:43:48 |