Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)

Long-Term Downtrend (-90) - NZDCNH is in a strong downtrend that is likely to continue. While NZDCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NZDCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDCNH
Open High Low NZDCNH Price Change
4.288135 4.289725 4.275045 4.283965 -0.004170
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 4.350540

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.376910

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 4.350155

Smart Scan Analysis for NZDCNH

Based on our trend formula, NZDCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.288135 4.289725 4.275045 4.283965 -0.004170
Prev. Close Volume Bid Ask Time
4.288135 2024-04-22 11:40:38
Get a free daily analysis and signals for New Zealand Dollar/Chinese Yuan Renminbi Offshore (NZDCNH) - Request Your Free Report.