Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Sidelines Mode (-55) - CHFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been UP since Jun 29th, 2022 at 16.937188
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 17.225868
The short-term trend has been UP since Aug 15th, 2022 at 17.360148
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).