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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Countertrend Up (+85) - CNYNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been UP since Dec 10th, 2024 at 0.23777837
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.23001554
The short-term trend has been DOWN since Dec 25th, 2024 at 0.24157182
Smart Scan Analysis for CNYNZD
Based on our trend formula, CNYNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24250828 | 0.24317665 | 0.24229007 | 0.24315077 | +0.00064200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24250828 | 2024-12-26 07:23:55 |