Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Chinese Yuan Renminbi Offshore/South African Rand (FOREX:CNHZAR)
Bear Market Rally (-75) - CNHZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHZAR as it may be in the beginning of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been DOWN since May 20th, 2025 at 2.4919682
The intermediate-term trend has been DOWN since May 5th, 2025 at 2.5351697
The short-term trend has been UP since May 30th, 2025 at 2.5043931
Smart Scan Analysis for CNHZAR
Based on our trend formula, CNHZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4832312 | 2.5085813 | 2.4777918 | 2.4969952 | +0.0137640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4832312 | 2025-05-30 17:02:37 |