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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)

Crossroads (+60) - NZDCNH 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 NZDCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDCNH
Open High Low NZDCNH Price Change
4.448415 4.464735 4.423515 4.426210 -0.022205
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term down The long-term trend has been DOWN since Feb 26th, 2020 at 4.418315

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2020 at 4.300485

short term up The short-term trend has been UP since May 18th, 2020 at 4.277240

Smart Scan Analysis for NZDCNH

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

+60
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.448415 4.464735 4.423515 4.426210 -0.022205
Prev. Close Volume Bid Ask Time
4.448415 4.424360 4.428060 2020-05-29 17:08:56
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