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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 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
18.716050 18.791550 18.537781 18.593588 -0.122462
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 15.4640

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2020 at 14.7789

short term down The short-term trend has been DOWN since Apr 7th, 2020 at 18.9586

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
18.716050 18.791550 18.537781 18.593588 -0.122462
Prev. Close Volume Bid Ask Time
18.716050 18.588531 18.598645 2020-04-09 07:41:07
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