Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Chilean Peso/South African Rand (FOREX:CLPZAR)
Sidelines Mode (+55) - CLPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CLPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPZAR
The long-term trend has been UP since Aug 31st, 2022 at 0.01925473
The intermediate-term trend has been UP since Dec 1st, 2022 at 0.01976288
The short-term trend has been DOWN since Mar 31st, 2023 at 0.02246237
Smart Scan Analysis for CLPZAR
Based on our trend formula, CLPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).