Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Weak Downtrend (-65) - CNYNZD is showing signs of a strengthening downtrend. Monitor CNYNZD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been UP since Aug 21st, 2023 at 0.23496841
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.22839721
The short-term trend has been DOWN since Nov 14th, 2023 at 0.23223679
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).