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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)

Weak Uptrend (+65) - ZARCNY is showing signs of weakening momentum to the upside. Monitor ZARCNY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZARCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCNY
Open High Low ZARCNY Price Change
0.39545378 0.39785575 0.39530557 0.39701027 +0.00155600
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term up The long-term trend has been UP since May 6th, 2024 at 0.38433615

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 0.39397963

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 0.39568890

Smart Scan Analysis for ZARCNY

Based on our trend formula, ZARCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39545378 0.39785575 0.39530557 0.39701027 +0.00155600
Prev. Close Volume Bid Ask Time
0.39545378 2024-07-26 19:57:55
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