Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Bull Market Weakness (+75) - NZDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCNH as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NZDCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCNH.
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 NZDCNH
The long-term trend has been DOWN since Mar 20th, 2024 at 4.350540
The intermediate-term trend has been UP since May 6th, 2024 at 4.344355
The short-term trend has been UP since May 3rd, 2024 at 4.315795
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.341130 | 4.355650 | 4.333425 | 4.355330 | +0.014200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.341130 | 2024-05-09 15:01:13 |