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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

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.

FOREX_CNYZAR
Open High Low CNYZAR Price Change
2.5905398 2.5905398 2.5905398 2.5905398 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term up The long-term trend has been UP since Jan 31st, 2023 at 2.5873782

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2023 at 2.6098719

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 2.6570346

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).

-70
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5905398 2.5905398 2.5905398 2.5905398 0.0000000
Prev. Close Volume Bid Ask Time
2.5905398 2023-04-01 12:37:39
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