Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Bull Market Weakness (+75) - ZARCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCNY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNY.
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 ZARCNY
The long-term trend has been UP since May 6th, 2024 at 0.38433615
The intermediate-term trend has been UP since May 6th, 2024 at 0.38312820
The short-term trend has been DOWN since May 8th, 2024 at 0.38156004
Smart Scan Analysis for ZARCNY
Based on our trend formula, ZARCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.38248242 | 0.38268749 | 0.38086067 | 0.38105471 | -0.00142800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.38248242 | 2024-05-09 02:57:00 |