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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

South African Rand/Swiss Franc (FOREX:ZARCHF)

Weak Downtrend (-65) - ZARCHF is showing signs of a strengthening downtrend. Monitor ZARCHF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCHF
Open High Low ZARCHF Price Change
0.04702000 0.04775642 0.04701897 0.04766733 +0.00064700
Entry Signal

MarketClub’s Trade Triangles for ZARCHF

long term up The long-term trend has been UP since Apr 3rd, 2024 at 0.04847043

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.04740000

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.04837312

Smart Scan Analysis for ZARCHF

Based on our trend formula, ZARCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04702000 0.04775642 0.04701897 0.04766733 +0.00064700
Prev. Close Volume Bid Ask Time
0.04702000 2024-04-19 17:03:21
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