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.
MarketClub’s Trade Triangles for CHFZAR
The long term trend has been UP since Jun 5th, 2018 at 12.92750
The intermediate term trend has been DOWN since Sep 24th, 2018 at 14.84570
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).