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Forex Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Long-Term Uptrend (+90) - CNHNZD is in a strong uptrend that is likely to continue. While CNHNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Jun 16th, 2021 at 0.22024084
The intermediate-term trend has been UP since Nov 10th, 2021 at 0.22079966
The short-term trend has been UP since Nov 16th, 2021 at 0.22377404
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22914757 | 0.22978907 | 0.22883139 | 0.22891488 | -0.00023300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22914757 | 2021-11-26 17:00:35 |