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.
MarketClub’s Trade Triangles for ZARCHF
The long-term trend has been DOWN since Jun 29th, 2022 at 0.05903989
The intermediate-term trend has been DOWN since Apr 6th, 2023 at 0.04959997
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).