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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)

Sidelines Mode (-55) - CHFNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.8316500 1.8319293 1.8300885 1.8302300 -0.0014200
Entry Signal

MarketClub’s Trade Triangles for CHFNZD

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 1.8318894

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 1.8279150

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 1.8300750

Smart Scan Analysis for CHFNZD

Based on our trend formula, CHFNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8316500 1.8319293 1.8300885 1.8302300 -0.0014200
Prev. Close Volume Bid Ask Time
1.8316500 2024-06-24 01:49:32
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