Free Daily Analysis

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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.5834694 4.5879437 4.5566550 4.5642343 -0.0192350
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Mar 23rd, 2021 at 4.5827099

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 4.5529833

short term down 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).

+55
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5834694 4.5879437 4.5566550 4.5642343 -0.0192350
Prev. Close Volume Bid Ask Time
4.5834694 2021-10-22 16:33:35
Get a free daily analysis and signals for New Zealand Dollar/Chinese Yuan Renminbi (NZDCNY) - Request Your Free Report.