Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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.
MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been UP since Mar 23rd, 2021 at 0.21821526
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 0.21947623
The short-term trend has been UP since Oct 22nd, 2021 at 0.21922761
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).