Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Weak Downtrend (-65) - NZDCNH is showing signs of a strengthening downtrend. Monitor NZDCNH as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for NZDCNH
The long-term trend has been UP since May 28th, 2024 at 4.475405
The intermediate-term trend has been DOWN since Jun 26th, 2024 at 4.431135
The short-term trend has been DOWN since Jul 9th, 2024 at 4.456085
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.269855 | 4.287800 | 4.269170 | 4.276455 | +0.006600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.269855 | 2024-07-26 16:59:56 |
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