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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Strong Downtrend (-100) - CHFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
16.069850 16.123680 15.877411 15.987041 -0.082809
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long-term trend has been DOWN since Nov 2nd, 2020 at 17.666809

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2021 at 16.670594

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 16.244600

Smart Scan Analysis for CHFZAR

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

-100
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.069850 16.123680 15.877411 15.987041 -0.082809
Prev. Close Volume Bid Ask Time
16.069850 2021-02-24 18:47:32
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