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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)

Strong Uptrend (+100) - CNYZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_CNYZAR
Open High Low CNYZAR Price Change
2.5688510 2.5909735 2.5453811 2.5845517 +0.0157010
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term up The long-term trend has been UP since Dec 24th, 2024 at 2.5690673

intermediate term up The intermediate-term trend has been UP since Dec 18th, 2024 at 2.5187662

short term up The short-term trend has been UP since Dec 17th, 2024 at 2.4664431

Smart Scan Analysis for CNYZAR

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

+100
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5688510 2.5909735 2.5453811 2.5845517 +0.0157010
Prev. Close Volume Bid Ask Time
2.5688510 2024-12-26 22:41:17
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