Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Sidelines Mode (+55) - ZARCLP 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 ZARCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCLP
The long-term trend has been DOWN since Mar 1st, 2020 at 51.450629
The intermediate-term trend has been UP since May 26th, 2020 at 45.965773
The short-term trend has been DOWN since May 29th, 2020 at 45.865084
Smart Scan Analysis for ZARCLP
Based on our trend formula, ZARCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).