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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/Chinese Yuan Renminbi Offshore (FOREX:ZARCNH)
Long-Term Downtrend (-90) - ZARCNH is in a strong downtrend that is likely to continue. While ZARCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARCNH
The long-term trend has been DOWN since Dec 23rd, 2024 at 0.39471340
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 0.39730057
The short-term trend has been DOWN since Dec 17th, 2024 at 0.40590771
Smart Scan Analysis for ZARCNH
Based on our trend formula, ZARCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.38974167 | 0.39323514 | 0.38961238 | 0.39253082 | +0.00278900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.38974167 | 2024-12-26 07:00:38 |