Forex Trend Analysis Report

Prepared for you on Monday, October 7, 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
20.365319	20.391400	20.232767	20.347424	-0.017895
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

The long-term trend has been UP since Aug 4th, 2024 at 21.363985

The intermediate-term trend has been DOWN since Sep 18th, 2024 at 20.740447

The short-term trend has been DOWN since Oct 7th, 2024 at 20.267826

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
20.365319	20.391400	20.232767	20.347424	-0.017895
Prev. Close	Volume	Bid	Ask	Time
20.365319				2024-10-07 08:07:04

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