Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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.

FOREX_CNHZAR
Open High Low CNHZAR Price Change
2.2561418 2.2727031 2.2559129 2.2698804 +0.0137390
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term up The long-term trend has been UP since Jul 13th, 2021 at 2.2557096

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2021 at 2.2600716

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 2.3124323

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
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2561418 2.2727031 2.2559129 2.2698804 +0.0137390
Prev. Close Volume Bid Ask Time
2.2561418 2021-10-21 06:34:54
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/South African Rand (CNHZAR) - Request Your Free Report.