Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
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.
MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been UP since Sep 24th, 2020 at 0.22531834
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.22171016
The short-term trend has been DOWN since Nov 3rd, 2020 at 0.22438830
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).