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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

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
2.4189703 2.4463589 2.4177250 2.4372814 +0.0183110
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 2.1586913

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 2.5533538

short term down The short-term trend has been DOWN since May 18th, 2020 at 2.5840764

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
2.4189703 2.4463589 2.4177250 2.4372814 +0.0183110
Prev. Close Volume Bid Ask Time
2.4189703 2.4367636 2.4377991 2020-05-28 12:23:59
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