Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Chilean Peso/South African Rand (FOREX:CLPZAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Dec 17th, 2017 at 0.020445
The intermediate term trend has been UP since Jan 10th, 2018 at 0.020695
The short term trend has been DOWN since Jan 16th, 2018 at 0.020465
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).