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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Sidelines Mode (-55) - NZDCNY 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 NZDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCNY.
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 NZDCNY
The long-term trend has been DOWN since Mar 19th, 2024 at 4.2950507
The intermediate-term trend has been UP since May 6th, 2024 at 4.2627747
The short-term trend has been DOWN since May 8th, 2024 at 4.2391401
Smart Scan Analysis for NZDCNY
Based on our trend formula, NZDCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.2670817 | 4.2678255 | 4.2483863 | 4.2529327 | -0.0141490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2670817 | 2024-05-09 07:41:49 |