Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Bull Market Weakness (+75) - NZDCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCNH as it may be in the beginning stages of a reversal.
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 Dec 2nd, 2020 at 4.636115
The intermediate-term trend has been UP since Feb 19th, 2021 at 4.690755
The short-term trend has been DOWN since Feb 26th, 2021 at 4.720715
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).