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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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 Aug 4th, 2024 at 4.249190
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.360370
The short-term trend has been UP since Nov 19th, 2024 at 4.265675
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 |
|---|---|---|---|---|
| 4.279415 | 4.280010 | 4.266385 | 4.267725 | -0.011690 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.279415 | 2024-11-20 03:30:59 |