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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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
0.44237962 0.44241201 0.44018516 0.44061557 -0.00176400
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 0.44320388

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2021 at 0.44064455

short term up The short-term trend has been UP since Oct 1st, 2021 at 0.43148705

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
0.44237962 0.44241201 0.44018516 0.44061557 -0.00176400
Prev. Close Volume Bid Ask Time
0.44237962 2021-10-21 08:08:53
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