Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
Long-Term Downtrend (-90) - CHFNZD is in a strong downtrend that is likely to continue. While CHFNZD 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 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 1.6515500
The intermediate-term trend has been DOWN since May 26th, 2020 at 1.6681408
The short-term trend has been DOWN since Jun 1st, 2020 at 1.6606650
Smart Scan Analysis for CHFNZD
Based on our trend formula, CHFNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).