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Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Sidelines Mode (-55) - CNYNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jun 14th, 2022 at 0.23716430
The intermediate-term trend has been DOWN since Jul 22nd, 2022 at 0.23624885
The short-term trend has been UP since Aug 15th, 2022 at 0.23231531
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23485224 | 0.23560333 | 0.23388997 | 0.23398619 | -0.00086600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23485224 | 2022-08-18 07:29:53 |