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Forex Trend Analysis Report

Prepared for you on Saturday, December 14, 2024.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Strong Downtrend (-100) - CHFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFZAR continues to fall. Traders should use caution and set stops.

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
20.015882 20.015882 20.015573 20.015882 0.000000
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 down The intermediate-term trend has been DOWN since Dec 10th, 2024 at 20.161050

short term down The short-term trend has been DOWN since Dec 9th, 2024 at 20.387659

Smart Scan Analysis for CHFZAR

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

-100
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.015882 20.015882 20.015573 20.015882 0.000000
Prev. Close Volume Bid Ask Time
20.015882 2024-12-14 04:11:39
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