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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Sidelines Mode (-55) - CHFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
17.236150 17.404613 17.221724 17.366406 +0.130256
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jun 29th, 2022 at 16.937188

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 17.225868

short term up The short-term trend has been UP since Aug 15th, 2022 at 17.360148

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.236150 17.404613 17.221724 17.366406 +0.130256
Prev. Close Volume Bid Ask Time
17.236150 2022-08-15 19:01:13
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