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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.
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MarketClub’s Trade Triangles for NZDCNY
The long-term trend has been DOWN since Jun 14th, 2022 at 4.2208643
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 4.2609294
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).
| 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 |