Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Sidelines Mode (-55) - ZARCNY 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 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.
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MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been UP since Sep 23rd, 2024 at 0.40636732
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.39887832
The short-term trend has been UP since Nov 18th, 2024 at 0.39934628
Smart Scan Analysis for ZARCNY
Based on our trend formula, ZARCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.40112663 | 0.40162968 | 0.39934386 | 0.39986307 | -0.00126400 |
Prev. Close | Volume | Bid | Ask | Time |
0.40112663 | 2024-11-20 03:25:10 |