Forex Trend Analysis Report
Prepared for you on Tuesday, October 20, 2020.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
Bull Market Weakness (+75) - CHFNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFNZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CHFNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFNZD
The long-term trend has been DOWN since Jun 1st, 2020 at 1.6515500
The intermediate-term trend has been UP since Oct 7th, 2020 at 1.6596421
The short-term trend has been UP since Oct 15th, 2020 at 1.6577546
Smart Scan Analysis for CHFNZD
Based on our trend formula, CHFNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).