Forex Trend Analysis Report

Prepared for you on Friday, April 19, 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
0.37595032	0.38026804	0.37588062	0.38011986	+0.00417000
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 Apr 17th, 2024 at 0.38018106

The short-term trend has been DOWN since Apr 10th, 2024 at 0.38645701

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
0.37595032	0.38026804	0.37588062	0.38011986	+0.00417000
Prev. Close	Volume	Bid	Ask	Time
0.37595032				2024-04-19 16:10:55

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