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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)

Weak Uptrend (+65) - ZARCNH is showing signs of weakening momentum to the upside. Monitor ZARCNH as it may be in the beginning stages of a reversal.

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
0.38152761 0.38791747 0.38008188 0.38515289 +0.00362500
Entry Signal

MarketClub’s Trade Triangles for ZARCNH

long term up The long-term trend has been UP since Apr 9th, 2024 at 0.39080515

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.38018106

short term up The short-term trend has been UP since Apr 24th, 2024 at 0.38054123

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
0.38152761 0.38791747 0.38008188 0.38515289 +0.00362500
Prev. Close Volume Bid Ask Time
0.38152761 2024-04-26 17:08:53
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