Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Chilean Peso/South African Rand (FOREX:CLPZAR)

Crossroads (+60) - CLPZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	CLPZAR Price	Change
0.01979181	0.01982144	0.01969071	0.01976404	-0.00002800
Entry Signal

MarketClub’s Trade Triangles for CLPZAR

The long-term trend has been DOWN since Jul 18th, 2023 at 0.02194878

The intermediate-term trend has been UP since Apr 19th, 2024 at 0.01991260

The short-term trend has been UP since May 6th, 2024 at 0.01966896

Smart Scan Analysis for CLPZAR

Based on our trend formula, CLPZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.01979181	0.01982144	0.01969071	0.01976404	-0.00002800
Prev. Close	Volume	Bid	Ask	Time
0.01979181				2024-05-09 15:19:40

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