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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

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

Weak Downtrend (-65) - NZDCNY is showing signs of a strengthening downtrend. Monitor NZDCNY as it may be building momentum to the downside.

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
4.3729039 4.3729039 4.3725407 4.3729039 0.0000000
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long-term trend has been UP since Jun 3rd, 2024 at 4.3997927

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 4.3972725

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 4.4441455

Smart Scan Analysis for NZDCNY

Based on our trend formula, NZDCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3729039 4.3729039 4.3725407 4.3729039 0.0000000
Prev. Close Volume Bid Ask Time
4.3729039 2024-07-20 21:51:35
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