Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
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.
MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been DOWN since Dec 1st, 2020 at 0.21564080
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.21345104
The short-term trend has been DOWN since Feb 19th, 2021 at 0.21301711
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).