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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)

Bull Market Weakness (+75) - CNYNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYNZD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYNZD
Open High Low CNYNZD Price Change
0.21976304 0.21976304 0.21976304 0.21976304 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term up The long-term trend has been UP since Mar 23rd, 2021 at 0.21821526

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2021 at 0.22135163

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.22430102

Smart Scan Analysis for CNYNZD

Based on our trend formula, CNYNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21976304 0.21976304 0.21976304 0.21976304 0.00000000
Prev. Close Volume Bid Ask Time
0.21976304 2021-10-16 01:43:47
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