Forex Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CHFZAR
The long term trend has been UP since Jun 5th, 2018 at 12.9275
The intermediate term trend has been UP since May 18th, 2018 at 12.7395
The short term trend has been DOWN since Jun 22nd, 2018 at 13.6348
Smart Scan Analysis for CHFZAR
Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).