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.
MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been UP since Jul 13th, 2021 at 2.2557096
The intermediate-term trend has been UP since Oct 27th, 2021 at 2.3408570
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).