Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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.
MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been UP since Jul 13th, 2021 at 15.928650
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 15.812558
The short-term trend has been UP since Oct 22nd, 2021 at 16.003654
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).