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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Chilean Peso/South African Rand (FOREX:CLPZAR)

Long-Term Downtrend (-90) - CLPZAR is in a strong downtrend that is likely to continue. While CLPZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.01940016 0.01952736 0.01935225 0.01948456 +0.00008400
Entry Signal

MarketClub’s Trade Triangles for CLPZAR

long term down The long-term trend has been DOWN since Jul 18th, 2023 at 0.02194878

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.01916087

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 0.01946090

Smart Scan Analysis for CLPZAR

Based on our trend formula, CLPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CLPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01940016 0.01952736 0.01935225 0.01948456 +0.00008400
Prev. Close Volume Bid Ask Time
0.01940016 2024-04-18 09:34:36
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