Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 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 Sep 3rd, 2021 at 1.527605
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 1.529855
The short-term trend has been UP since Oct 22nd, 2021 at 1.524265
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).