Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

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

Countertrend Down (-85) - CNHZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
2.3409752 2.3469365 2.3358002 2.3368156 -0.0041600
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term down The long-term trend has been DOWN since Nov 5th, 2020 at 2.3810951

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2020 at 2.4287586

short term up The short-term trend has been UP since Nov 30th, 2020 at 2.3337000

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3409752 2.3469365 2.3358002 2.3368156 -0.0041600
Prev. Close Volume Bid Ask Time
2.3409752 2020-12-03 08:12:32
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/South African Rand (CNHZAR) - Request Your Free Report.