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.
MarketClub’s Trade Triangles for CNYNZD
The long-term trend has been UP since Mar 23rd, 2021 at 0.21821526
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.22135163
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).