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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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 Dec 10th, 2024 at 0.23777837
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.23001554
The short-term trend has been DOWN since Jan 20th, 2025 at 0.24252646
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 |
|---|---|---|---|---|
| 0.24367176 | 0.24424217 | 0.24142391 | 0.24142391 | -0.00224800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24367176 | 2025-01-20 09:29:44 |