Forex Trend Analysis Report
Prepared for you on Monday, March 19, 2018.
South African Rand/Chilean Peso (FOREX:ZARCLP)
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 ZARCLP
The long term trend has been UP since Dec 17th, 2017 at 48.9100
The intermediate term trend has been UP since Jan 21st, 2018 at 50.0690
The short term trend has been DOWN since Mar 13th, 2018 at 50.7675
Smart Scan Analysis for ZARCLP
Based on a pre-defined weighted trend formula for chart analysis, ZARCLP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).