Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Sidelines Mode (+55) - NZDCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jun 13th, 2022 at 4.238995
The intermediate-term trend has been UP since Jul 20th, 2022 at 4.231585
The short-term trend has been DOWN since Aug 16th, 2022 at 4.310690
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).