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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.

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

MarketClub’s Trade Triangles for CNYZAR

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

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

short term down 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
Smart Scan Analysis for CNYZAR
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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