Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)

Long-Term Downtrend (-90) - NZDCNY is in a strong downtrend that is likely to continue. While NZDCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.3103034 4.3103034 4.2861079 4.2933186 -0.0169850
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.2950507

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 4.3084637

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 4.3578219

Smart Scan Analysis for NZDCNY

Based on our trend formula, NZDCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3103034 4.3103034 4.2861079 4.2933186 -0.0169850
Prev. Close Volume Bid Ask Time
4.3103034 2024-03-19 06:55:25
Get a free daily analysis and signals for New Zealand Dollar/Chinese Yuan Renminbi (NZDCNY) - Request Your Free Report.