Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Weak Downtrend (-65) - ZARCNY is showing signs of a strengthening downtrend. Monitor ZARCNY as it may be building momentum to the downside.
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 Jul 13th, 2021 at 0.44320388
The intermediate-term trend has been UP since Oct 20th, 2021 at 0.44064455
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.43537447
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).