Forex Trend Analysis Report
Prepared for you on Saturday, September 19, 2020.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Long-Term Uptrend (+90) - NZDCNH is in a strong uptrend that is likely to continue. While NZDCNH 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 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.
MarketClub’s Trade Triangles for NZDCNH
The long-term trend has been UP since Jun 1st, 2020 at 4.476255
The intermediate-term trend has been UP since Aug 31st, 2020 at 4.627135
The short-term trend has been UP since Sep 18th, 2020 at 4.579660
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).