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Forex Trend Analysis Report
Prepared for you on Monday, October 7, 2024.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Strong Downtrend (-100) - NZDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDCNH continues to fall. Traders should use caution 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 4.24919
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.36037
The short-term trend has been DOWN since Oct 2nd, 2024 at 4.40765
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.372645 | 4.373315 | 4.334370 | 4.335180 | -0.037465 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.372645 | 2024-10-07 10:06:13 |