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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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

Sidelines Mode (-55) - CNYZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.3292619 2.3470889 2.2915648 2.3358032 +0.0065410
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 2.3792834

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 2.2858967

short term up The short-term trend has been UP since Feb 25th, 2021 at 2.3076206

Smart Scan Analysis for CNYZAR

Based on our trend formula, CNYZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3292619 2.3470889 2.2915648 2.3358032 +0.0065410
Prev. Close Volume Bid Ask Time
2.3292619 2021-02-26 18:52:38
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