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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.

FOREX_ZARCNY
Open High Low ZARCNY Price Change
0.37439503 0.37439503 0.37391995 0.37411257 -0.00028200
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 0.37220230

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.37835046

short term down 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).

-75
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways 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
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