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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

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

Countertrend Up (+85) - ZARCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.45452624 0.45679062 0.45266821 0.45623056 +0.00170400
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term up The long-term trend has been UP since Nov 4th, 2020 at 0.42015508

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2021 at 0.44502256

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 0.45490870

Smart Scan Analysis for ZARCNY

Based on our trend formula, ZARCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45452624 0.45679062 0.45266821 0.45623056 +0.00170400
Prev. Close Volume Bid Ask Time
0.45452624 2021-05-07 13:05:51
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