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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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.2692425 4.2735008 4.2561415 4.2594887 -0.0097540
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 4.2491375

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 4.2865516

short term up 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).

-75
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2692425 4.2735008 4.2561415 4.2594887 -0.0097540
Prev. Close Volume Bid Ask Time
4.2692425 2023-03-24 16:43:31
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