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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.

FOREX_ZARCNY
Open High Low ZARCNY Price Change
0.40112663 0.40162968 0.39934386 0.39986307 -0.00126400
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term up The long-term trend has been UP since Sep 23rd, 2024 at 0.40636732

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.39887832

short term up 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).

-55
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways 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
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