Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Long-Term Uptrend (+90) - CHFZAR is in a strong uptrend that is likely to continue. While CHFZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jun 29th, 2022 at 16.937188
The intermediate-term trend has been UP since Jun 16th, 2022 at 16.544526
The short-term trend has been UP since Jun 28th, 2022 at 16.680815
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).