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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Chinese Yuan Renminbi Offshore/South African Rand (FOREX:CNHZAR)
Bull Market Weakness (+75) - CNHZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHZAR as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been DOWN since Sep 27th, 2024 at 2.4279729
The intermediate-term trend has been UP since Dec 18th, 2024 at 2.5171542
The short-term trend has been UP since Dec 17th, 2024 at 2.4639934
Smart Scan Analysis for CNHZAR
Based on our trend formula, CNHZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5111365 | 2.5111365 | 2.5111365 | 2.5111365 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5111365 | 2024-12-21 06:23:56 |