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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Downtrend (-65) - CNYZAR is showing signs of a strengthening downtrend. Monitor CNYZAR as it may be building momentum to the downside.

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

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

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

FOREX_CNYZAR
Open High Low CNYZAR Price Change
2.5285290 2.5297923 2.5128804 2.5226194 -0.0059100
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 2.5590388

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 2.5112039

short term up The short-term trend has been UP since Jul 23rd, 2024 at 2.5275022

Smart Scan Analysis for CNYZAR

Based on our trend formula, CNYZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5285290 2.5297923 2.5128804 2.5226194 -0.0059100
Prev. Close Volume Bid Ask Time
2.5285290 2024-07-26 19:32:36
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