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.
MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been DOWN since Nov 2nd, 2020 at 17.666809
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 18.604650
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).