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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
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.
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MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been DOWN since Dec 23rd, 2024 at 0.39394467
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.39711326
The short-term trend has been DOWN since Dec 17th, 2024 at 0.40561909
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.38782331 | 0.39095389 | 0.38763784 | 0.38944687 | +0.00162400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.38782331 | 2025-01-02 11:22:36 |