Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Bear Market Rally (-75) - ZARCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARCNY as it may be in the beginning of a reversal.
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 DOWN since Oct 3rd, 2023 at 0.37220230
The intermediate-term trend has been UP since Mar 7th, 2024 at 0.37835046
The short-term trend has been DOWN since Mar 18th, 2024 at 0.37777780
Smart Scan Analysis for ZARCNY
Based on our trend formula, ZARCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.37439503 | 0.37439503 | 0.37391995 | 0.37411257 | -0.00028200 |
Prev. Close | Volume | Bid | Ask | Time |
0.37439503 | 2024-03-19 01:22:17 |