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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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

Bull Market Weakness (+75) - CNHNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
0.23471409 0.23715882 0.23451920 0.23712328 +0.00240900
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term up The long-term trend has been UP since Jun 13th, 2022 at 0.23589429

intermediate term down The intermediate-term trend has been DOWN since Jul 20th, 2022 at 0.23627753

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.23237866

Smart Scan Analysis for CNHNZD

Based on our trend formula, CNHNZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23471409 0.23715882 0.23451920 0.23712328 +0.00240900
Prev. Close Volume Bid Ask Time
0.23471409 2022-08-19 16:29:00
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