CNYZAR NEWS why is Yuan Renminbi / South African Rand price falling or rising

CNYZAR NEWS reasons for why stock price of Yuan Renminbi / South African Rand is falling or rising

CNYZAR Yuan Renminbi is falling or rising technical reasons

Technical analysis forecast of Yuan Renminbi Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Yuan Renminbi CNYZAR at this time. Stock is rising and might rise more.

It appears as if Yuan Renminbi CNYZAR gave a large move recently.

Stock of Yuan Renminbi (CNYZAR) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Yuan Renminbi is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Yuan Renminbi stays above 2.5, but if it comes below 2.5, then a intra day sell could be more profitable.
If you take a sell trade below 2.5, then use 2.5 as stoploss and 2.48 as target. However if you take a buy trade in Yuan Renminbi, then use 2.5 as stoploss and 2.5 as target.

CNYZAR Yuan Renminbi is falling or rising NEWS fundamental reasons

More announcements and NEWS

CNYZAR Yuan Renminbi / South African Rand current price & indicator signals

Moving Averages for Yuan Renminbi / South African Rand

  • 5Day Average: 2.5
  • 12Day Average: 2.49
  • 20Day Average: 2.48
  • 50Day Average: 2.48
  • 100Day Average: 2.5
  • 150Day Average: 2.52
  • 200Day Average: 2.55

CNYZAR Indicators & signals

Indicator MACD (12,26,9)

2.49, 2.5, -0.02
Indicator MACD is in negative zone

Indicator ADX (14)

0, 14.29, 14.29
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CNYZAR Yuan Renminbi / South African Rand are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Nov 2024 2.51100 2.49990 to 2.51100 0.39% 0 times
20 Wed Nov 2024 2.50120 2.48950 to 2.50960 0.32% 0 times
19 Tue Nov 2024 2.49320 2.47430 to 2.50920 0.48% 0 times
18 Mon Nov 2024 2.48120 2.47710 to 2.51310 -1.31% 0 times
15 Fri Nov 2024 2.51410 2.50490 to 2.53340 -0.51% 0 times
14 Thu Nov 2024 2.52710 2.51210 to 2.53910 0.11% 0 times
13 Wed Nov 2024 2.52430 2.48740 to 2.52940 0.79% 0 times
12 Tue Nov 2024 2.50440 2.48040 to 2.51940 0.79% 0 times
11 Mon Nov 2024 2.48470 2.44430 to 2.49490 1.46% 0 times
08 Fri Nov 2024 2.44890 2.42430 to 2.45960 1.12% 0 times
07 Thu Nov 2024 2.42180 2.41040 to 2.46480 -1.69% 0 times
06 Wed Nov 2024 2.46340 2.44900 to 2.49050 0.51% 0 times

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CNYZAR NEWS why is Yuan Renminbi / South African Rand price falling or rising

 

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