Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Crossroads (+60) - CHFZAR is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	CHFZAR Price	Change
20.803475	20.807150	20.633173	20.693077	-0.110398
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

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

The intermediate-term trend has been UP since Jul 17th, 2024 at 20.637273

The short-term trend has been UP since Jul 15th, 2024 at 20.207447

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
20.803475	20.807150	20.633173	20.693077	-0.110398
Prev. Close	Volume	Bid	Ask	Time
20.803475				2024-07-26 19:35:51

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