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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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
2.5359829 2.5536170 2.5177278 2.5246635 -0.0113190
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term down The long-term trend has been DOWN since May 10th, 2024 at 2.5443740

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 2.5823211

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2.5878386

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5359829 2.5536170 2.5177278 2.5246635 -0.0113190
Prev. Close Volume Bid Ask Time
2.5359829 2024-06-14 17:00:01
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