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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

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

Crossroads (-60) - CNYNZD 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 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
0.21421102 0.21512058 0.21410309 0.21490150 +0.00069000
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 down The intermediate-term trend has been DOWN since Apr 15th, 2021 at 0.21368376

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.21325103

Smart Scan Analysis for CNYNZD

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

-60
Smart Scan Analysis for CNYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21421102 0.21512058 0.21410309 0.21490150 +0.00069000
Prev. Close Volume Bid Ask Time
0.21421102 2021-04-22 10:08:07
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