Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Sidelines Mode (+55) - NZDCNY 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 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 DOWN since Mar 23rd, 2021 at 4.5827099
The intermediate-term trend has been UP since Oct 18th, 2021 at 4.5529833
The short-term trend has been DOWN since Oct 22nd, 2021 at 4.5635542
Smart Scan Analysis for NZDCNY
Based on our trend formula, NZDCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).