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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Weak Downtrend (-65) - CHFZAR is showing signs of a strengthening downtrend. Monitor CHFZAR as it may be building momentum to the downside.

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
17.146300 17.200079 17.002500 17.018150 -0.128150
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long-term trend has been DOWN since Nov 2nd, 2020 at 17.666809

intermediate term down The intermediate-term trend has been DOWN since Aug 24th, 2020 at 18.604650

short term up The short-term trend has been UP since Nov 27th, 2020 at 16.882100

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.146300 17.200079 17.002500 17.018150 -0.128150
Prev. Close Volume Bid Ask Time
17.146300 2020-12-03 12:01:47
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