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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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

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

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
2.5378249 2.5934304 2.5293530 2.5346324 -0.0031920
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 up The intermediate-term trend has been UP since May 31st, 2024 at 2.6479997

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2.5911890

Smart Scan Analysis for CNYZAR

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

-75
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5378249 2.5934304 2.5293530 2.5346324 -0.0031920
Prev. Close Volume Bid Ask Time
2.5378249 2024-06-13 06:01:38
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