Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Chilean Peso/South African Rand (FOREX:CLPZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CLPZAR
The long term trend has been UP since Apr 4th, 2017 at 0.02107
The intermediate term trend has been UP since Jun 20th, 2017 at 0.01961
The short term trend has been DOWN since Aug 14th, 2017 at 0.02053
Smart Scan Analysis for CLPZAR
Based on a pre-defined weighted trend formula for chart analysis, CLPZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).