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Forex Trend Analysis Report

Prepared for you on Saturday, December 14, 2024.

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

Long-Term Uptrend (+90) - CNYNZD is in a strong uptrend that is likely to continue. While CNYNZD 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 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
0.23835641 0.23842252 0.23835641 0.23835641 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CNYNZD

long term up The long-term trend has been UP since Dec 10th, 2024 at 0.23777837

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2024 at 0.23001554

short term up The short-term trend has been UP since Dec 6th, 2024 at 0.23586379

Smart Scan Analysis for CNYNZD

Based on our trend formula, CNYNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23835641 0.23842252 0.23835641 0.23835641 0.00000000
Prev. Close Volume Bid Ask Time
0.23835641 2024-12-14 17:55:59
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