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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Weak Uptrend (+65) - ZARCNY is showing signs of weakening momentum to the upside. Monitor ZARCNY as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been UP since May 6th, 2024 at 0.38433615
The intermediate-term trend has been UP since Jun 12th, 2024 at 0.39397963
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.39568890
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).
![Smart Scan Analysis for ZARCNY](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.39545378 | 0.39785575 | 0.39530557 | 0.39701027 | +0.00155600 |
Prev. Close | Volume | Bid | Ask | Time |
0.39545378 | 2024-07-26 19:57:55 |