Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Bull Market Weakness (+75) - NZDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCNY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NZDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDCNY
The long-term trend has been UP since Dec 1st, 2020 at 4.6382370
The intermediate-term trend has been UP since Feb 15th, 2021 at 4.6833249
The short-term trend has been DOWN since Feb 26th, 2021 at 4.7243357
Smart Scan Analysis for NZDCNY
Based on our trend formula, NZDCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).