Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)
Weak Downtrend (-65) - CNYZAR is showing signs of a strengthening downtrend. Monitor CNYZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYZAR
The long-term trend has been UP since Jan 31st, 2020 at 2.1586913
The intermediate-term trend has been DOWN since May 20th, 2020 at 2.5533538
The short-term trend has been DOWN since May 18th, 2020 at 2.5840764
Smart Scan Analysis for CNYZAR
Based on our trend formula, CNYZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).