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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Bull Market Weakness (+75) - CNHNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHNZD as it may be in the beginning stages of a reversal.
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 DOWN since May 28th, 2024 at 0.22344584
The intermediate-term trend has been UP since Jul 1st, 2024 at 0.22619896
The short-term trend has been UP since Jul 15th, 2024 at 0.22636293
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23420068 | 0.23424004 | 0.23321778 | 0.23375356 | -0.00044700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23420068 | 2024-07-26 17:00:03 |