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Forex Trend Analysis Report

Prepared for you on Friday, January 24, 2025.

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.

FOREX_ZARCNH
Open High Low ZARCNH Price Change
0.39351380 0.39574635 0.39316009 0.39327732 -0.00023600
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

long term down The long-term trend has been DOWN since Dec 23rd, 2024 at 0.39471340

intermediate term down The intermediate-term trend has been DOWN since Dec 19th, 2024 at 0.39730057

short term up The short-term trend has been UP since Jan 14th, 2025 at 0.38871753

Smart Scan Analysis for ZARCNH

Based on our trend formula, ZARCNH is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for ZARCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39351380 0.39574635 0.39316009 0.39327732 -0.00023600
Prev. Close Volume Bid Ask Time
0.39351380 2025-01-24 14:24:49
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