Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CHFZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 13.6607
The intermediate term trend has been UP since Feb 14th, 2019 at 14.0215
The short term trend has been UP since Feb 6th, 2019 at 13.4695
Smart Scan Analysis for CHFZAR
Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).