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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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.

FOREX_ZARCNY
Open High Low ZARCNY Price Change
0.40269338 0.40269338 0.39998503 0.40091655 -0.00177700
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 0.40871640

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 0.41085838

short term down The short-term trend has been DOWN since Aug 17th, 2022 at 0.41136873

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).

-65
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.40269338 0.40269338 0.39998503 0.40091655 -0.00177700
Prev. Close Volume Bid Ask Time
0.40269338 2022-08-19 17:20:34
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