Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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.
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MarketClub’s Trade Triangles for CHFZAR
The long term trend has been UP since May 29th, 2019 at 14.8020
The intermediate term trend has been DOWN since Jun 30th, 2019 at 14.3895
The short term trend has been DOWN since Jul 19th, 2019 at 14.0460
Smart Scan Analysis for CHFZAR
Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.1010 | 14.1920 | 14.0430 | 14.1805 | +0.0795 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.1010 | 14.1760 | 14.1850 | 2019-07-19 10:44:02 |