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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

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

Bear Market Rally (-75) - ZARCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARCNY as it may be in the beginning 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
0.38592242 0.38988051 0.38290826 0.38850935 +0.00258700
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 0.46394082

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.48083778

short term up The short-term trend has been UP since Apr 7th, 2020 at 0.38269377

Smart Scan Analysis for ZARCNY

Based on our trend formula, ZARCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38592242 0.38988051 0.38290826 0.38850935 +0.00258700
Prev. Close Volume Bid Ask Time
0.38592242 0.38800327 0.38901542 2020-04-08 20:41:46
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