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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

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

Weak Downtrend (-65) - CNHZAR is showing signs of a strengthening downtrend. Monitor CNHZAR as it may be building momentum to the downside.

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.

FOREX_CNHZAR
Open High Low CNHZAR Price Change
2.6959313 2.7046636 2.6857300 2.6877257 -0.0082060
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term up The long-term trend has been UP since Jan 30th, 2023 at 2.5776739

intermediate term down The intermediate-term trend has been DOWN since Jun 6th, 2023 at 2.7017224

short term down The short-term trend has been DOWN since May 31st, 2023 at 2.7689880

Smart Scan Analysis for CNHZAR

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

-70
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6959313 2.7046636 2.6857300 2.6877257 -0.0082060
Prev. Close Volume Bid Ask Time
2.6959313 2023-06-07 04:09:21
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