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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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

Strong Uptrend (+100) - CNHNZD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHNZD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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
0.22974073 0.23167665 0.22973994 0.23145822 +0.00171700
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term up The long-term trend has been UP since Mar 20th, 2024 at 0.22984775

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 0.22847345

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.23082114

Smart Scan Analysis for CNHNZD

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

+100
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22974073 0.23167665 0.22973994 0.23145822 +0.00171700
Prev. Close Volume Bid Ask Time
0.22974073 2024-04-12 10:02:45
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