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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

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

Bear Market Rally (-75) - CNHZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHZAR as it may be in the beginning of a reversal.

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
2.4718976 2.4904195 2.4699130 2.4881154 +0.0162180
Entry Signal

MarketClub’s Trade Triangles for CNHZAR

long term down The long-term trend has been DOWN since May 10th, 2024 at 2.5443740

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 2.5053452

short term up The short-term trend has been UP since Jul 15th, 2024 at 2.4886079

Smart Scan Analysis for CNHZAR

Based on our trend formula, CNHZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNHZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4718976 2.4904195 2.4699130 2.4881154 +0.0162180
Prev. Close Volume Bid Ask Time
2.4718976 2024-07-15 05:17:41
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