Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Strong Downtrend (-100) - CHFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 2nd, 2020 at 17.666809
The intermediate-term trend has been DOWN since Feb 2nd, 2021 at 16.670594
The short-term trend has been DOWN since Feb 23rd, 2021 at 16.244600
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).