Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

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

Countertrend Up (+85) - CNYZAR 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 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.

Open	High	Low	CNYZAR Price	Change
2.4840254	2.5143842	2.4720399	2.5141015	+0.0300760
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

The long-term trend has been UP since Jul 13th, 2021 at 2.2588284

The intermediate-term trend has been UP since Oct 27th, 2021 at 2.3477438

The short-term trend has been DOWN since Nov 30th, 2021 at 2.5058498

Smart Scan Analysis for CNYZAR

Based on our trend formula, CNYZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.4840254	2.5143842	2.4720399	2.5141015	+0.0300760
Prev. Close	Volume	Bid	Ask	Time
2.4840254				2021-12-01 13:23:43

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