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Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
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.
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MarketClub’s Trade Triangles for CNYZAR
The long-term trend has been DOWN since Feb 26th, 2025 at 2.4105009
The intermediate-term trend has been DOWN since Feb 7th, 2025 at 2.5195500
The short-term trend has been UP since Mar 10th, 2025 at 2.5362062
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5155394 | 2.5169616 | 2.5142346 | 2.5143447 | -0.0011950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5155394 | 2025-03-12 00:32:56 |