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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)

Long-Term Downtrend (-90) - CNYNZD is in a strong downtrend that is likely to continue. While CNYNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.22330361 0.22358639 0.22324136 0.22355868 +0.00025500
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 down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.22865316

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.22468051

Smart Scan Analysis for CNYNZD

Based on our trend formula, CNYNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22330361 0.22358639 0.22324136 0.22355868 +0.00025500
Prev. Close Volume Bid Ask Time
0.22330361 2024-06-13 01:02:45
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