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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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

Bull Market Weakness (+75) - NZDCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDCNY as it may be in the beginning stages 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
4.7544194 4.7565956 4.6772817 4.6850809 -0.0693380
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long-term trend has been UP since Dec 1st, 2020 at 4.6382370

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 4.6833249

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 4.7243357

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
4.7544194 4.7565956 4.6772817 4.6850809 -0.0693380
Prev. Close Volume Bid Ask Time
4.7544194 2021-02-26 17:12:07
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