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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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

Crossroads (-60) - ZARCNY is struggling to move into a solid trend. Beware of choppy markets 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
0.42300343 0.42300862 0.41957875 0.42008380 -0.00292000
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term up The long-term trend has been UP since Nov 4th, 2020 at 0.42015508

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.42689545

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.43381115

Smart Scan Analysis for ZARCNY

Based on our trend formula, ZARCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42300343 0.42300862 0.41957875 0.42008380 -0.00292000
Prev. Close Volume Bid Ask Time
0.42300343 2021-03-08 19:32:36
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