Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 Feb 25th, 2020 at 0.22612420
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 0.23208164
The short-term trend has been DOWN since May 18th, 2020 at 0.23431049
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).