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Forex Trend Analysis Report

Prepared for you on Monday, November 23, 2020.

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

Sidelines Mode (+55) - CNHNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.21962764 0.21977815 0.21875276 0.21972460 +0.00009700
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term up The long-term trend has been UP since Sep 3rd, 2020 at 0.21716929

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2020 at 0.22236914

short term up The short-term trend has been UP since Nov 18th, 2020 at 0.22187632

Smart Scan Analysis for CNHNZD

Based on our trend formula, CNHNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21962764 0.21977815 0.21875276 0.21972460 +0.00009700
Prev. Close Volume Bid Ask Time
0.21962764 2020-11-23 11:09:20
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