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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.

Open High Low ZARCLP Price Change
46.8830 47.1910 46.5870 46.7685 -0.1145
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 up The intermediate term trend has been UP since Oct 16th, 2018 at 47.5535

short term down 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).

Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.8830 47.1910 46.5870 46.7685 -0.1145
Prev. Close Volume Bid Ask Time
46.8830 46.7360 46.8010 2018-10-19 18:33:01
Want to analyze South African Rand/Chilean Peso ZARCLP or another symbol? Try our Free Forex Trend Analysis Report.