Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
South African Rand/Swiss Franc (FOREX:ZARCHF)
Bear Market Rally (-75) - ZARCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARCHF as it may be in the beginning of a reversal.
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 Jan 31st, 2020 at 0.0646650
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.0547823
The short-term trend has been UP since Aug 11th, 2020 at 0.0523015
Smart Scan Analysis for ZARCHF
Based on our trend formula, ZARCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).