Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Long-Term Downtrend (-90) - ZARCNY is in a strong downtrend that is likely to continue. While ZARCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.37220230
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 0.37861938
The short-term trend has been DOWN since Nov 20th, 2023 at 0.38792976
Smart Scan Analysis for ZARCNY
Based on our trend formula, ZARCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).