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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)

Weak Uptrend (+65) - CNHNZD is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_CNHNZD
Open High Low CNHNZD Price Change
0.23367709 0.23438534 0.23363929 0.23426134 +0.00058400
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term up The long-term trend has been UP since Aug 4th, 2024 at 0.23533162

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.22935754

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.23478766

Smart Scan Analysis for CNHNZD

Based on our trend formula, CNHNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23367709 0.23438534 0.23363929 0.23426134 +0.00058400
Prev. Close Volume Bid Ask Time
0.23367709 2024-11-20 03:43:59
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