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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)
Sidelines Mode (-55) - ZARCNH 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 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.
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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 Nov 12th, 2024 at 0.39969660
The short-term trend has been UP since Nov 18th, 2024 at 0.40036028
Smart Scan Analysis for ZARCNH
Based on our trend formula, ZARCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.40116763 | 0.40166927 | 0.39951879 | 0.39972635 | -0.00144100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.40116763 | 2024-11-20 03:49:51 |