Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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, ZARCNH 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.
MarketClub’s Trade Triangles for ZARCNH
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.37818679
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.38620675
The short-term trend has been DOWN since Nov 30th, 2023 at 0.37955622
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).