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.

Open	High	Low	CHFZAR Price	Change
20.673103	20.684257	20.613775	20.659630	-0.013473
Entry Signal

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).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
20.673103	20.684257	20.613775	20.659630	-0.013473
Prev. Close	Volume	Bid	Ask	Time
20.673103				2023-10-01 22:29:21

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