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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

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

Strong Downtrend (-100) - ZARCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_ZARCNH
Open High Low ZARCNH Price Change
0.42404521 0.42471115 0.42123672 0.42166829 -0.00237700
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 0.44331352

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.42721884

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.43508234

Smart Scan Analysis for ZARCNH

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

-100
Smart Scan Analysis for ZARCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42404521 0.42471115 0.42123672 0.42166829 -0.00237700
Prev. Close Volume Bid Ask Time
0.42404521 2021-10-28 16:46:20
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