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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Bull Market Weakness (+75) - CHFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFZAR as it may be in the beginning stages of a reversal.

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.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
15.957285 16.074363 15.916407 16.051800 +0.094515
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jul 13th, 2021 at 15.928650

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2021 at 15.812558

short term up The short-term trend has been UP since Oct 22nd, 2021 at 16.003654

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.957285 16.074363 15.916407 16.051800 +0.094515
Prev. Close Volume Bid Ask Time
15.957285 2021-10-26 08:50:37
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