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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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.

FOREX_CNYNZD
Open High Low CNYNZD Price Change
0.22801481 0.22997706 0.22794250 0.22908693 +0.00107200
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term up The long-term trend has been UP since Aug 21st, 2023 at 0.23496841

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.22839721

short term down The short-term trend has been DOWN since Nov 14th, 2023 at 0.23223679

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).

-70
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22801481 0.22997706 0.22794250 0.22908693 +0.00107200
Prev. Close Volume Bid Ask Time
0.22801481 2023-11-29 17:31:52
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