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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Countertrend Down (-85) - NZDCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for NZDCNH
The long-term trend has been DOWN since Mar 20th, 2024 at 4.35054
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.37691
The short-term trend has been UP since Apr 23rd, 2024 at 4.29898
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.326470 | 4.332330 | 4.309180 | 4.317535 | -0.008935 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.326470 | 2024-04-26 17:04:58 |