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.
MarketClub’s Trade Triangles for ZARCNY
The long-term trend has been DOWN since Jul 13th, 2021 at 0.44320388
The intermediate-term trend has been UP since Oct 20th, 2021 at 0.44064455
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).