Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ZARCLP
The long term trend has been DOWN since Apr 25th, 2018 at 48.0500
The intermediate term trend has been UP since Oct 16th, 2018 at 47.5535
The short term trend has been DOWN since Oct 18th, 2018 at 46.9730
Smart Scan Analysis for ZARCLP
Based on a pre-defined weighted trend formula for chart analysis, ZARCLP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).