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Forex Trend Analysis Report

Prepared for you on Thursday, June 1, 2023.

South African Rand/Swiss Franc (FOREX:ZARCHF)

Strong Downtrend (-100) - ZARCHF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARCHF continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCHF
Open High Low ZARCHF Price Change
0.04623046 0.04636369 0.04570000 0.04617457 -0.00005600
Entry Signal

MarketClub’s Trade Triangles for ZARCHF

long term down The long-term trend has been DOWN since Jun 29th, 2022 at 0.05903989

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2023 at 0.04959997

short term down The short-term trend has been DOWN since May 25th, 2023 at 0.04606159

Smart Scan Analysis for ZARCHF

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

-100
Smart Scan Analysis for ZARCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04623046 0.04636369 0.04570000 0.04617457 -0.00005600
Prev. Close Volume Bid Ask Time
0.04623046 2023-06-01 15:34:39
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