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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/South African Rand (FOREX:CNYZAR)
Sidelines Mode (+55) - CNYZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Nov 3rd, 2024 at 2.5073389
The short-term trend has been DOWN since Nov 18th, 2024 at 2.5000891
Smart Scan Analysis for CNYZAR
Based on our trend formula, CNYZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4931717 | 2.5041422 | 2.4895107 | 2.5026525 | +0.0094810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4931717 | 2024-11-20 03:23:52 |