Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Bear Market Rally (-75) - NZDCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDCNY as it may be in the beginning 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 DOWN since Mar 8th, 2023 at 4.2491375
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 4.2865516
The short-term trend has been UP since Mar 17th, 2023 at 4.3026250
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).