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Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)
Long-Term Downtrend (-90) - CNYZAR is in a strong downtrend that is likely to continue. While CNYZAR is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for CNYZAR
The long-term trend has been DOWN since Sep 24th, 2024 at 2.4382089
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 2.4443972
The short-term trend has been DOWN since Nov 29th, 2024 at 2.4903132
Smart Scan Analysis for CNYZAR
Based on our trend formula, CNYZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4585617 | 2.4674930 | 2.4547493 | 2.4616641 | +0.0031020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4585617 | 2024-12-10 03:33:07 |