Free Daily Analysis

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.

FOREX_CNHNZD
Open High Low CNHNZD Price Change
0.22914757 0.22978907 0.22883139 0.22891488 -0.00023300
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

long term up The long-term trend has been UP since Jun 16th, 2021 at 0.22024084

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2021 at 0.22079966

short term up 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).

+90
Smart Scan Analysis for CNHNZD
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/New Zealand Dollar (CNHNZD) - Request Your Free Report.