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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Chinese Yuan Renminbi Offshore/South African Rand (FOREX:CNHZAR)

Countertrend Up (+85) - CNHZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CNHZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHZAR
Open High Low CNHZAR Price Change
2.5191952 2.5218663 2.4833322 2.5009769 -0.0182180
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term up The long-term trend has been UP since Jul 13th, 2021 at 2.2557096

intermediate term up The intermediate-term trend has been UP since Oct 27th, 2021 at 2.3408570

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 2.5134174

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5191952 2.5218663 2.4833322 2.5009769 -0.0182180
Prev. Close Volume Bid Ask Time
2.5191952 2021-12-06 20:20:04
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