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Forex Trend Analysis Report

Prepared for you on Sunday, June 4, 2023.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Weak Uptrend (+65) - CHFZAR is showing signs of weakening momentum to the upside. Monitor CHFZAR as it may be in the beginning stages 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
21.463958 21.487700 21.457650 21.484979 +0.021021
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long-term trend has been UP since Jun 29th, 2022 at 16.937188

intermediate term up The intermediate-term trend has been UP since Jan 17th, 2023 at 18.652873

short term down The short-term trend has been DOWN since May 31st, 2023 at 21.649686

Smart Scan Analysis for CHFZAR

Based on our trend formula, CHFZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.463958 21.487700 21.457650 21.484979 +0.021021
Prev. Close Volume Bid Ask Time
21.463958 2023-06-04 16:59:11
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