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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)
Strong Uptrend (+100) - ZARCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZARCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNH.
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 ZARCNH
The long-term trend has been UP since Apr 9th, 2024 at 0.39080515
The intermediate-term trend has been UP since May 6th, 2024 at 0.39076399
The short-term trend has been UP since Apr 24th, 2024 at 0.38054123
Smart Scan Analysis for ZARCNH
Based on our trend formula, ZARCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.38914665 | 0.39045272 | 0.38846955 | 0.39042551 | +0.00127900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.38914665 | 2024-05-09 04:09:52 |