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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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.

FOREX_CLPZAR
Open High Low CLPZAR Price Change
0.01797695 0.01834901 0.01793575 0.01833662 +0.00036000
Entry Signal

MarketClub’s Trade Triangles for CLPZAR

long term down The long-term trend has been DOWN since May 12th, 2021 at 0.01989616

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.01832643

short term up The short-term trend has been UP since Oct 21st, 2021 at 0.01797621

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).

-55
Smart Scan Analysis for CLPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01797695 0.01834901 0.01793575 0.01833662 +0.00036000
Prev. Close Volume Bid Ask Time
0.01797695 2021-10-26 14:04:12
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