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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Long-Term Downtrend (-90) - NZDCNY is in a strong downtrend that is likely to continue. While NZDCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NZDCNY
The long-term trend has been DOWN since Nov 15th, 2024 at 4.1832604
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 4.3484263
The short-term trend has been DOWN since Dec 4th, 2024 at 4.2466888
Smart Scan Analysis for NZDCNY
Based on our trend formula, NZDCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1235290 | 4.1271663 | 4.1032359 | 4.1064320 | -0.0170970 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1235290 | 2024-12-26 14:20:32 |