Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 Mar 1st, 2020 at 0.01943611
The intermediate-term trend has been DOWN since May 25th, 2020 at 0.02175769
The short-term trend has been UP since May 29th, 2020 at 0.02180308
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).