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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

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
4.2502941 4.2509239 4.2498506 4.2498506 -0.0004430
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Jun 14th, 2022 at 4.2208643

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2022 at 4.2295216

short term down The short-term trend has been DOWN since Aug 2nd, 2022 at 4.2062391

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
4.2502941 4.2509239 4.2498506 4.2498506 -0.0004430
Prev. Close Volume Bid Ask Time
4.2502941 2022-08-10 03:06:48
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