Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
15.826414 15.852304 15.799000 15.830616 +0.004202
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jul 13th, 2021 at 15.928650

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2021 at 15.812558

short term up The short-term trend has been UP since Oct 12th, 2021 at 16.265565

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).

-55
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.826414 15.852304 15.799000 15.830616 +0.004202
Prev. Close Volume Bid Ask Time
15.826414 2021-10-17 21:40:51
Get a free daily analysis and signals for Swiss Franc/South African Rand (CHFZAR) - Request Your Free Report.