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Forex Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low CHFZAR Price Change
14.16750 14.22615 14.11650 14.14450 -0.02300
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long term trend has been UP since Jun 5th, 2018 at 12.92750

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 14.84570

short term up The short term trend has been UP since Nov 20th, 2018 at 14.17855

Smart Scan Analysis for CHFZAR

Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.16750 14.22615 14.11650 14.14450 -0.02300
Prev. Close Volume Bid Ask Time
14.16750 14.14000 14.14900 2018-11-20 13:14:07
Want to analyze Swiss Franc/South African Rand CHFZAR or another symbol? Try our Free Forex Trend Analysis Report.