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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Crossroads (+60) - CNYNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been DOWN since Jun 4th, 2024 at 0.22392715
The intermediate-term trend has been UP since Jul 14th, 2024 at 0.22742719
The short-term trend has been UP since Jul 9th, 2024 at 0.22502036
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23440968 | 0.23444930 | 0.23351825 | 0.23424903 | -0.00016100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23440968 | 2024-07-26 19:29:10 |