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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 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.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
20.132653 20.134553 20.128659 20.134553 +0.001900
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 20.893329

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 20.402089

short term up The short-term trend has been UP since May 23rd, 2024 at 20.132018

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).

-75
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.132653 20.134553 20.128659 20.134553 +0.001900
Prev. Close Volume Bid Ask Time
20.132653 2024-05-25 09:47:24
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