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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.
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MarketClub’s Trade Triangles for CNYZAR
The long-term trend has been DOWN since Apr 9th, 2024 at 2.5590388
The intermediate-term trend has been DOWN since Jun 17th, 2024 at 2.5112039
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).
![Smart Scan Analysis for CNYZAR](/img/sites/trend-web/images/trend-slider.png)
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 |