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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Long-Term Uptrend (+90) - CNYNZD is in a strong uptrend that is likely to continue. While CNYNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 19th, 2024 at 0.23277931
The intermediate-term trend has been UP since Mar 18th, 2024 at 0.23185517
The short-term trend has been UP since Apr 11th, 2024 at 0.23588257
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23913605 | 0.23918730 | 0.23795983 | 0.23795983 | -0.00117600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23913605 | 2024-04-20 01:53:36 |