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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)

Strong Downtrend (-100) - NZDCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDCNY continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NZDCNY?

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

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

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.1276815 4.1473544 4.1276815 4.1345828 +0.0069010
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long-term trend has been DOWN since Jun 14th, 2022 at 4.2208643

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 4.2609294

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 4.1906297

Smart Scan Analysis for NZDCNY

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

-100
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1276815 4.1473544 4.1276815 4.1345828 +0.0069010
Prev. Close Volume Bid Ask Time
4.1276815 2022-07-06 07:07:42
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