Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Swiss Franc (FOREX:ZARCHF)
Crossroads (+60) - ZARCHF 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 ZARCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCHF
The long-term trend has been DOWN since Jan 31st, 2020 at 0.06466500
The intermediate-term trend has been UP since May 20th, 2020 at 0.05391077
The short-term trend has been UP since May 18th, 2020 at 0.05302500
Smart Scan Analysis for ZARCHF
Based on our trend formula, ZARCHF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).