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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.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
14.970945 15.034579 14.959831 15.013550 +0.042605
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long term trend has been UP since May 29th, 2019 at 14.802000

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 14.840000

short term up 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).

+55
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.970945 15.034579 14.959831 15.013550 +0.042605
Prev. Close Volume Bid Ask Time
14.970945 15.008400 15.018700 2019-10-21 03:49:19
Want to analyze Swiss Franc/South African Rand CHFZAR or another symbol? Try our Free Forex Trend Analysis Report.