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Forex Trend Analysis Report

Prepared for you on Saturday, January 29, 2022.

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
0.41198820 0.41244048 0.40548574 0.40838482 -0.00360300
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 0.44331352

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2021 at 0.40461331

short term down The short-term trend has been DOWN since Jan 24th, 2022 at 0.41355925

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
0.41198820 0.41244048 0.40548574 0.40838482 -0.00360300
Prev. Close Volume Bid Ask Time
0.41198820 2022-01-28 17:01:45
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