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.
MarketClub’s Trade Triangles for ZARCNH
The long-term trend has been DOWN since Jul 13th, 2021 at 0.44331352
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.42721884
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).