Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)
Bull Market Weakness (+75) - ZARCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCNH as it may be in the beginning stages of a reversal.
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 UP since Apr 27th, 2020 at 0.37650324
The intermediate-term trend has been UP since Apr 27th, 2020 at 0.37650324
The short-term trend has been DOWN since May 29th, 2020 at 0.40672982
Smart Scan Analysis for ZARCNH
Based on our trend formula, ZARCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).