Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)
Bear Market Rally (-75) - CNYZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYZAR as it may be in the beginning of a reversal.
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 DOWN since Nov 4th, 2020 at 2.3792834
The intermediate-term trend has been DOWN since Oct 26th, 2020 at 2.4095026
The short-term trend has been UP since Nov 30th, 2020 at 2.3311911
Smart Scan Analysis for CNYZAR
Based on our trend formula, CNYZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).