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Forex Trend Analysis Report
Prepared for you on Sunday, September 8, 2024.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Sidelines Mode (-50) - CNHNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNHNZD can gain momentum.
Is it time to buy, sell, or avoid CNHNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNHNZD
The long-term trend has been UP since Aug 4th, 2024 at 0.23533162
The intermediate-term trend has been DOWN since Aug 19th, 2024 at 0.22980983
The short-term trend has been DOWN since Sep 6th, 2024 at 0.22621061
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22827250 | 0.22829097 | 0.22827250 | 0.22829097 | +0.00001800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22829097 | 2024-09-07 04:49:25 |