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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Bull Market Weakness (+75) - CHFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFZAR as it may be in the beginning stages of a reversal.

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
21.032789 21.130600 21.010027 21.105949 +0.073160
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 20.893329

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 21.082341

short term up The short-term trend has been UP since Apr 12th, 2024 at 20.674750

Smart Scan Analysis for CHFZAR

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

+70
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.032789 21.130600 21.010027 21.105949 +0.073160
Prev. Close Volume Bid Ask Time
21.032789 2024-04-23 08:07:16
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