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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.

FOREX_CNHNZD
Open High Low CNHNZD Price Change
0.22939623 0.23032880 0.22914134 0.22993780 +0.00054200
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term down The long-term trend has been DOWN since May 8th, 2023 at 0.22749852

intermediate term up The intermediate-term trend has been UP since Jul 23rd, 2023 at 0.22564074

short term down 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).

-65
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22939623 0.23032880 0.22914134 0.22993780 +0.00054200
Prev. Close Volume Bid Ask Time
0.22939623 2023-09-26 14:39:22
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