Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since May 29th, 2019 at 14.802000
The intermediate term trend has been DOWN since Oct 13th, 2019 at 14.840000
The short term trend has been UP since Oct 16th, 2019 at 14.925751
Smart Scan Analysis for CHFZAR
Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).