Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Strong Downtrend (-100) - NZDCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDCNH continues to fall. Traders should use caution and set stops.
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 DOWN since Mar 7th, 2023 at 4.253470
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 4.280525
The short-term trend has been DOWN since Mar 21st, 2023 at 4.273990
Smart Scan Analysis for NZDCNH
Based on our trend formula, NZDCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).