Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)
Weak Uptrend (+65) - CNYZAR is showing signs of weakening momentum to the upside. Monitor CNYZAR as it may be in the beginning stages 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 UP since Jul 13th, 2021 at 2.2588284
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 2.2600998
The short-term trend has been UP since Oct 22nd, 2021 at 2.2988481
Smart Scan Analysis for CNYZAR
Based on our trend formula, CNYZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).