Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Chilean Peso/South African Rand (FOREX:CLPZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CLPZAR
The long term trend has been DOWN since Jul 10th, 2019 at 0.020393
The intermediate term trend has been UP since Aug 1st, 2019 at 0.020928
The short term trend has been DOWN since Aug 21st, 2019 at 0.021409
Smart Scan Analysis for CLPZAR
Based on a pre-defined weighted trend formula for chart analysis, CLPZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).