Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CHFZAR
The long term trend has been DOWN since Dec 18th, 2019 at 14.572743
The intermediate term trend has been UP since Jan 6th, 2020 at 14.778900
The short term trend has been UP since Jan 27th, 2020 at 14.914096
Smart Scan Analysis for CHFZAR
Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).