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Forex Trend Analysis Report
Prepared for you on Thursday, November 14, 2024.
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 Aug 4th, 2024 at 0.23533162
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.22935754
The short-term trend has been UP since Nov 13th, 2024 at 0.23367986
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 |
|---|---|---|---|---|
| 0.23532129 | 0.23599095 | 0.23478766 | 0.23563101 | +0.00031000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23532129 | 2024-11-14 23:27:57 |