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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.

FOREX_CHFNZD
Open High Low CHFNZD Price Change
1.6557150 1.6566450 1.6551512 1.6564150 +0.0007000
Entry Signal

MarketClub’s Trade Triangles for CHFNZD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 1.6515500

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2020 at 1.6681408

short term down 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).

-90
Smart Scan Analysis for CHFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6557150 1.6566450 1.6551512 1.6564150 +0.0007000
Prev. Close Volume Bid Ask Time
1.6557150 1.6560900 1.6567400 2020-06-02 00:34:40
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