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.
MarketClub’s Trade Triangles for NZDCNY
The long-term trend has been UP since Dec 1st, 2020 at 4.6382370
The intermediate-term trend has been DOWN since Mar 5th, 2021 at 4.6249955
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).