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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Swiss Franc (FOREX:ZARCHF)
Sidelines Mode (-55) - ZARCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for ZARCHF
The long-term trend has been UP since Nov 5th, 2024 at 0.04967745
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 0.04849738
The short-term trend has been UP since Nov 18th, 2024 at 0.04903979
Smart Scan Analysis for ZARCHF
Based on our trend formula, ZARCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04893050 | 0.04904052 | 0.04877200 | 0.04882850 | -0.00010200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04893050 | 2024-11-20 03:39:01 |