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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Countertrend Up (+85) - CHFZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
19.286027 19.367956 19.024425 19.124393 -0.161634
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 15.46400

intermediate term up The intermediate-term trend has been UP since Jul 26th, 2020 at 18.25473

short term down The short-term trend has been DOWN since Aug 11th, 2020 at 19.11930

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.286027 19.367956 19.024425 19.124393 -0.161634
Prev. Close Volume Bid Ask Time
19.286027 19.119192 19.129594 2020-08-11 21:20:18
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