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.
MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been UP since Jan 31st, 2020 at 15.464000
The intermediate-term trend has been DOWN since May 20th, 2020 at 18.550693
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).