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Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Long-Term Downtrend (-90) - NZDCNH is in a strong downtrend that is likely to continue. While NZDCNH is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for NZDCNH
The long-term trend has been DOWN since Mar 23rd, 2021 at 4.577805
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 4.529050
The short-term trend has been DOWN since Dec 3rd, 2021 at 4.320285
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.30712 | 4.32304 | 4.30268 | 4.31875 | +0.01163 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.30712 | 2021-12-07 21:48:26 |