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.
MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been UP since Nov 4th, 2020 at 0.42015508
The intermediate-term trend has been UP since Apr 1st, 2021 at 0.44502256
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).