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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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.

FOREX_CNHNZD
Open High Low CNHNZD Price Change
0.21512742 0.21597095 0.21491719 0.21552390 +0.00039600
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term down The long-term trend has been DOWN since Feb 19th, 2021 at 0.21226147

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.21318819

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.21183251

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
0.21512742 0.21597095 0.21491719 0.21552390 +0.00039600
Prev. Close Volume Bid Ask Time
0.21512742 2021-03-05 08:37:12
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