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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_CNYNZD
Open High Low CNYNZD Price Change
0.23371358 0.23444755 0.23366184 0.23434262 +0.00062900
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.22392715

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2024 at 0.23001554

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.23512866

Smart Scan Analysis for CNYNZD

Based on our trend formula, CNYNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23371358 0.23444755 0.23366184 0.23434262 +0.00062900
Prev. Close Volume Bid Ask Time
0.23371358 2024-11-20 03:33:14
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