Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Chinese Yuan Renminbi Offshore/South African Rand (FOREX:CNHZAR)

Crossroads (+60) - CNHZAR 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 CNHZAR?

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

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

Open	High	Low	CNHZAR Price	Change
2.5266096	2.5276294	2.5089770	2.5172232	-0.0093860
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

The long-term trend has been DOWN since May 10th, 2024 at 2.5443740

The intermediate-term trend has been UP since Jul 25th, 2024 at 2.5570074

The short-term trend has been UP since Jul 23rd, 2024 at 2.5250011

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.5266096	2.5276294	2.5089770	2.5172232	-0.0093860
Prev. Close	Volume	Bid	Ask	Time
2.5266096				2024-07-26 17:00:03

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