Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been UP since Dec 23rd, 2024 at 2.5339636
The intermediate-term trend has been DOWN since May 5th, 2025 at 2.5351697
The short-term trend has been DOWN since May 2nd, 2025 at 2.5455824
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5186208 | 2.5207251 | 2.5070806 | 2.5104798 | -0.0081410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5186208 | 2025-05-09 07:18:07 |