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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)

Strong Downtrend (-100) - NZDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDCNH continues to fall. Traders should use caution and set stops.

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.

FOREX_NZDCNH
Open High Low NZDCNH Price Change
4.34330 4.34688 4.32664 4.33751 -0.00579
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 4.35054

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.37691

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 4.34723

Smart Scan Analysis for NZDCNH

Based on our trend formula, NZDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.34330 4.34688 4.32664 4.33751 -0.00579
Prev. Close Volume Bid Ask Time
4.34330 2024-03-28 16:59:56
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