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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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

Strong Downtrend (-100) - CNYZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYZAR continues to fall. Traders should use caution and set stops.

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
2.4721182 2.4809811 2.4599313 2.4599313 -0.0121870
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 2.5590388

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 2.5112039

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2.5911890

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
2.4721182 2.4809811 2.4599313 2.4599313 -0.0121870
Prev. Close Volume Bid Ask Time
2.4721182 2024-06-21 21:58:41
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