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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)

Strong Downtrend (-100) - ZARCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARCNY continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCNY
Open High Low ZARCNY Price Change
0.40341656 0.40502214 0.39869921 0.39928777 -0.00412900
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 0.40871640

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.42029067

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 0.41803432

Smart Scan Analysis for ZARCNY

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

-100
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.40341656 0.40502214 0.39869921 0.39928777 -0.00412900
Prev. Close Volume Bid Ask Time
0.40341656 2022-07-06 16:07:43
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