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Forex Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

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

Weak Uptrend (+65) - CNYNZD is showing signs of weakening momentum to the upside. Monitor 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
0.23513173 0.23539504 0.23513173 0.23539504 +0.00026300
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 0.23277931

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 0.23185517

short term down The short-term trend has been DOWN since May 3rd, 2024 at 0.23106947

Smart Scan Analysis for CNYNZD

Based on our trend formula, CNYNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23513173 0.23539504 0.23513173 0.23539504 +0.00026300
Prev. Close Volume Bid Ask Time
0.23513173 2024-05-04 15:31:13
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