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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.

FOREX_ZARCHF
Open High Low ZARCHF Price Change
0.05184550 0.05256401 0.05160000 0.05236061 +0.00051500
Entry Signal

MarketClub’s Trade Triangles for ZARCHF

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 0.0646650

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.0547823

short term up 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).

-75
Smart Scan Analysis for ZARCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05184550 0.05256401 0.05160000 0.05236061 +0.00051500
Prev. Close Volume Bid Ask Time
0.05184550 0.05235332 0.05236790 2020-08-11 23:51:49
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