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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)

Crossroads (+60) - NZDCNY is struggling to move into a solid trend. Beware of choppy markets 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
4.3509483 4.3569963 4.3410614 4.3531698 +0.0022220
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Feb 25th, 2020 at 4.4225013

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2020 at 4.3086799

short term up The short-term trend has been UP since May 18th, 2020 at 4.2676187

Smart Scan Analysis for NZDCNY

Based on our trend formula, NZDCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3509483 4.3569963 4.3410614 4.3531698 +0.0022220
Prev. Close Volume Bid Ask Time
4.3509483 4.3475705 4.3587691 2020-05-25 13:15:44
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