Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 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.
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MarketClub’s Trade Triangles for CNYZAR
The long-term trend has been UP since Oct 4th, 2023 at 2.6988315
The intermediate-term trend has been UP since Mar 14th, 2024 at 2.7405555
The short-term trend has been UP since Mar 14th, 2024 at 2.6851944
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
2.6362070 | 2.6995234 | 2.6324175 | 2.6347233 | -0.0014840 |
Prev. Close | Volume | Bid | Ask | Time |
2.6362070 | 2024-03-19 08:04:57 |