Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
Countertrend Down (-85) - CHFNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CHFNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFNZD
The long-term trend has been DOWN since Jun 1st, 2020 at 1.651550
The intermediate-term trend has been DOWN since Dec 25th, 2020 at 1.565165
The short-term trend has been UP since Mar 5th, 2021 at 1.511580
Smart Scan Analysis for CHFNZD
Based on our trend formula, CHFNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).