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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Countertrend Down (-85) - CHFZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CHFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been DOWN since Mar 21st, 2024 at 20.893329
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 20.402089
The short-term trend has been UP since May 8th, 2024 at 20.497700
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.399217 | 20.573800 | 20.368775 | 20.459800 | +0.060583 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.399217 | 2024-05-08 22:42:17 |