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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.

FOREX_ZARCNH
Open High Low ZARCNH Price Change
0.45849090 0.45871389 0.44966733 0.45039230 -0.00809900
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

long term up The long-term trend has been UP since Nov 5th, 2020 at 0.41997970

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2021 at 0.45824819

short term down 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).

-70
Smart Scan Analysis for ZARCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45849090 0.45871389 0.44966733 0.45039230 -0.00809900
Prev. Close Volume Bid Ask Time
0.45849090 2021-06-18 17:08:55
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