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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Swiss Franc/South African Rand (FOREX:CHFZAR)
Bear Market Rally (-75) - CHFZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFZAR as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CHFZAR
The long-term trend has been DOWN since Nov 5th, 2024 at 20.128050
The intermediate-term trend has been UP since Nov 13th, 2024 at 20.619100
The short-term trend has been DOWN since Nov 22nd, 2024 at 20.293687
Smart Scan Analysis for CHFZAR
Based on our trend formula, CHFZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.407350 | 20.458100 | 20.283550 | 20.317265 | -0.090085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.407350 | 2024-11-22 06:31:30 |