Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Chinese Yuan Renminbi Offshore/New Zealand Dollar (FOREX:CNHNZD)

Crossroads (-60) - CNHNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	CNHNZD Price	Change
0.23190958	0.23291801	0.23171755	0.23266724	+0.00075800
Entry Signal

MarketClub’s Trade Triangles for CNHNZD

The long-term trend has been UP since Mar 7th, 2023 at 0.23510124

The intermediate-term trend has been DOWN since Mar 19th, 2023 at 0.23130947

The short-term trend has been DOWN since Mar 27th, 2023 at 0.23307867

Smart Scan Analysis for CNHNZD

Based on our trend formula, CNHNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.23190958	0.23291801	0.23171755	0.23266724	+0.00075800
Prev. Close	Volume	Bid	Ask	Time
0.23190958				2023-03-29 03:57:44

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