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Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

South African Rand/Chilean Peso (FOREX:ZARCLP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_ZARCLP
Open High Low ZARCLP Price Change
45.983 46.270 45.831 46.270 +0.287
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

long term down The long term trend has been DOWN since Apr 25th, 2018 at 48.0500

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2018 at 47.7840

short term down The short term trend has been DOWN since Aug 9th, 2018 at 47.7715

Smart Scan Analysis for ZARCLP

Based on a pre-defined weighted trend formula for chart analysis, ZARCLP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.983 46.270 45.831 46.270 +0.287
Prev. Close Volume Bid Ask Time
45.983 46.255 46.285 2018-08-15 03:14:13
Want to analyze South African Rand/Chilean Peso ZARCLP or another symbol? Try our Free Forex Trend Analysis Report.