Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Chinese Yuan Renminbi Offshore/South African Rand (FOREX:CNHZAR)
Weak Downtrend (-65) - CNHZAR is showing signs of a strengthening downtrend. Monitor CNHZAR as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for CNHZAR
The long-term trend has been UP since Feb 11th, 2024 at 67.5077900
The intermediate-term trend has been DOWN since May 6th, 2024 at 2.5590940
The short-term trend has been DOWN since May 10th, 2024 at 2.5515958
Smart Scan Analysis for CNHZAR
Based on our trend formula, CNHZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
2.5595954 | 2.5601036 | 2.5497689 | 2.5507669 | -0.0088280 |
Prev. Close | Volume | Bid | Ask | Time |
2.5595954 | 2024-05-10 03:11:19 |