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Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
South African Rand/Swiss Franc (FOREX:ZARCHF)
Long-Term Downtrend (-90) - ZARCHF is in a strong downtrend that is likely to continue. While ZARCHF is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for ZARCHF
The long-term trend has been DOWN since Jan 31st, 2020 at 0.06466500
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 0.06766280
The short-term trend has been DOWN since Feb 17th, 2020 at 0.06544296
Smart Scan Analysis for ZARCHF
Based on our trend formula, ZARCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06504335 | 0.06545500 | 0.06467395 | 0.06545074 | +0.00040700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06504335 | 0.06544950 | 0.06545197 | 2020-02-21 11:39:50 |