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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CHFZAR
Open High Low CHFZAR Price Change
14.1010 14.1920 14.0430 14.1805 +0.0795
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term up The long term trend has been UP since May 29th, 2019 at 14.8020

intermediate term down The intermediate term trend has been DOWN since Jun 30th, 2019 at 14.3895

short term down The short term trend has been DOWN since Jul 19th, 2019 at 14.0460

Smart Scan Analysis for CHFZAR

Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.1010 14.1920 14.0430 14.1805 +0.0795
Prev. Close Volume Bid Ask Time
14.1010 14.1760 14.1850 2019-07-19 10:44:02
Want to analyze Swiss Franc/South African Rand CHFZAR or another symbol? Try our Free Forex Trend Analysis Report.