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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.

FOREX_CNHNZD
Open High Low CNHNZD Price Change
0.22827250 0.22829097 0.22827250 0.22829097 +0.00001800
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 down The intermediate-term trend has been DOWN since Aug 19th, 2024 at 0.22980983

short term down 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).

-50
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways 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
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