Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Crossroads (-60) - CNHNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNHNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHNZD
The long-term trend has been UP since Mar 7th, 2023 at 0.23510124
The intermediate-term trend has been DOWN since Mar 19th, 2023 at 0.23130947
The short-term trend has been DOWN since Mar 27th, 2023 at 0.23307867
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).