Forex Trend Analysis Report

Prepared for you on Friday, May 10, 2024.

South African Rand/Chilean Peso (FOREX:ZARCLP)

Crossroads (+60) - ZARCLP 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 ZARCLP?

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

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

Open	High	Low	ZARCLP Price	Change
50.488944	50.752419	50.486487	50.752419	+0.263475
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

The long-term trend has been UP since Jul 18th, 2023 at 45.554552

The intermediate-term trend has been DOWN since Apr 19th, 2024 at 50.219460

The short-term trend has been DOWN since May 6th, 2024 at 50.841285

Smart Scan Analysis for ZARCLP

Based on our trend formula, ZARCLP 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
50.488944	50.752419	50.486487	50.752419	+0.263475
Prev. Close	Volume	Bid	Ask	Time
50.488944				2024-05-10 06:45:34

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