Forex Trend Analysis Report
Prepared for you on Sunday, June 20, 2021.
South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)
Weak Downtrend (-65) - ZARCNH is showing signs of a strengthening downtrend. Monitor ZARCNH as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCNH
The long-term trend has been UP since Nov 5th, 2020 at 0.41997970
The intermediate-term trend has been DOWN since Jun 17th, 2021 at 0.45824819
The short-term trend has been DOWN since Jun 9th, 2021 at 0.46991961
Smart Scan Analysis for ZARCNH
Based on our trend formula, ZARCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).