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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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

Crossroads (-60) - NZDCNY 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 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
4.6405703 4.6606874 4.6226387 4.6559230 +0.0153530
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long-term trend has been UP since Dec 1st, 2020 at 4.6382370

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2021 at 4.6249955

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 4.7243357

Smart Scan Analysis for NZDCNY

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

-60
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6405703 4.6606874 4.6226387 4.6559230 +0.0153530
Prev. Close Volume Bid Ask Time
4.6405703 2021-03-05 17:04:13
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