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.
MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been UP since Jan 31st, 2020 at 15.4640
The intermediate-term trend has been UP since Jan 6th, 2020 at 14.7789
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).