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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Sidelines Mode (-55) - CHFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
18.255997 18.255997 18.255997 18.255997 0.000000
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jan 31st, 2020 at 15.464000

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 18.550693

short term up The short-term trend has been UP since May 29th, 2020 at 18.186503

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.255997 18.255997 18.255997 18.255997 0.000000
Prev. Close Volume Bid Ask Time
18.255997 18.232094 18.279900 2020-05-30 21:52:20
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