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Forex Trend Analysis Report

Prepared for you on Saturday, September 7, 2024.

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

Crossroads (-60) - ZARCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.39709276 0.39709276 0.39709276 0.39709276 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Aug 9th, 2024 at 0.37478552

intermediate term up The intermediate-term trend has been UP since Aug 19th, 2024 at 0.40277268

short term up The short-term trend has been UP since Sep 6th, 2024 at 0.40098943

Smart Scan Analysis for ZARCNY

Based on our trend formula, ZARCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39709276 0.39709276 0.39709276 0.39709276 0.00000000
Prev. Close Volume Bid Ask Time
0.39709276 2024-09-07 11:20:44
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