Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Countertrend Up (+85) - CNHNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNHNZD
The long-term trend has been UP since Mar 20th, 2024 at 0.22984775
The intermediate-term trend has been UP since Mar 18th, 2024 at 0.22847345
The short-term trend has been DOWN since Apr 23rd, 2024 at 0.23260882
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23296858 | 0.23335678 | 0.23170375 | 0.23210226 | -0.00086600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23296858 | 2024-04-23 18:22:10 |