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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

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

Long-Term Uptrend (+90) - CNHZAR is in a strong uptrend that is likely to continue. While CNHZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2.4646361 2.5099551 2.4628698 2.4995416 +0.0349060
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term up The long-term trend has been UP since Jul 1st, 2022 at 2.4578511

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 2.3759054

short term up The short-term trend has been UP since Jul 6th, 2022 at 2.4704320

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4646361 2.5099551 2.4628698 2.4995416 +0.0349060
Prev. Close Volume Bid Ask Time
2.4646361 2022-07-06 23:42:10
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