Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)
Weak Downtrend (-65) - CNHNZD is showing signs of a strengthening downtrend. Monitor CNHNZD as it may be building momentum to the downside.
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 DOWN since Feb 19th, 2021 at 0.21226147
The intermediate-term trend has been UP since Mar 22nd, 2021 at 0.21612802
The short-term trend has been DOWN since Apr 9th, 2021 at 0.21588000
Smart Scan Analysis for CNHNZD
Based on our trend formula, CNHNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).