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Forex Trend Analysis Report
Prepared for you on Thursday, November 7, 2024.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Strong Uptrend (+100) - ZARCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Sep 23rd, 2024 at 0.40636732
The intermediate-term trend has been UP since Nov 5th, 2024 at 0.40736098
The short-term trend has been UP since Nov 7th, 2024 at 0.40912310
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 |
|---|---|---|---|---|
| 0.40749098 | 0.41028889 | 0.40744843 | 0.41015316 | +0.00266200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.40749098 | 2024-11-07 05:07:34 |