Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
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.
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 29th, 2023 at 20.963200
The short-term trend has been DOWN since Sep 29th, 2023 at 20.608787
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).