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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Crossroads (+60) - CHFZAR 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 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
20.839200 20.848193 20.640250 20.683350 -0.155850
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long-term trend has been DOWN since Nov 5th, 2024 at 20.128050

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2024 at 20.632555

short term up The short-term trend has been UP since Dec 18th, 2024 at 20.319600

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.839200 20.848193 20.640250 20.683350 -0.155850
Prev. Close Volume Bid Ask Time
20.839200 2024-12-26 06:39:36
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