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.
MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been UP since Jul 13th, 2021 at 2.2557096
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 2.2600716
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).