Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)

Crossroads (-60) - ZARCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARCNH Price	Change
0.39583914	0.39850500	0.39562291	0.39716929	+0.00133000
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

The long-term trend has been UP since Apr 9th, 2024 at 0.39080515

The intermediate-term trend has been DOWN since Jul 25th, 2024 at 0.39156099

The short-term trend has been DOWN since Jul 15th, 2024 at 0.40184306

Smart Scan Analysis for ZARCNH

Based on our trend formula, ZARCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.39583914	0.39850500	0.39562291	0.39716929	+0.00133000
Prev. Close	Volume	Bid	Ask	Time
0.39583914				2024-07-26 17:00:05

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