Forex Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Weak Downtrend (-65) - CNHNZD is showing signs of a strengthening downtrend. Monitor CNHNZD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CNHNZD
The long-term trend has been DOWN since May 8th, 2023 at 0.22749852
The intermediate-term trend has been UP since Jul 23rd, 2023 at 0.22564074
The short-term trend has been DOWN since Sep 19th, 2023 at 0.23143119
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).