Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Bear Market Rally (-75) - CHFZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFZAR as it may be in the beginning 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.

Open	High	Low	CHFZAR Price	Change
20.846000	20.921673	20.675537	20.679363	-0.166637
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

The long-term trend has been DOWN since Mar 21st, 2024 at 20.893329

The intermediate-term trend has been UP since Apr 18th, 2024 at 21.082341

The short-term trend has been DOWN since Apr 24th, 2024 at 20.913796

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
20.846000	20.921673	20.675537	20.679363	-0.166637
Prev. Close	Volume	Bid	Ask	Time
20.846000				2024-04-26 07:06:50

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