Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)

Bull Market Weakness (+75) - CNYZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	CNYZAR Price	Change
2.6581917	2.7174964	2.6335046	2.6676365	+0.0094450
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

The long-term trend has been DOWN since Apr 9th, 2024 at 2.5590388

The intermediate-term trend has been UP since Apr 17th, 2024 at 2.6893437

The short-term trend has been UP since Apr 18th, 2024 at 2.6933922

Smart Scan Analysis for CNYZAR

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

+70

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.6581917	2.7174964	2.6335046	2.6676365	+0.0094450
Prev. Close	Volume	Bid	Ask	Time
2.6581917				2024-04-19 19:42:32

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