Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Strong Uptrend (+100) - NZDCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NZDCNH
The long-term trend has been UP since May 8th, 2023 at 4.395900
The intermediate-term trend has been UP since Sep 28th, 2023 at 4.369385
The short-term trend has been UP since Sep 28th, 2023 at 4.367600
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).