Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

South African Rand/Chilean Peso (FOREX:ZARCLP)

Countertrend Up (+85) - ZARCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_ZARCLP
Open High Low ZARCLP Price Change
55.641834 55.831761 55.511015 55.831761 +0.189927
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

long term up The long-term trend has been UP since May 12th, 2021 at 50.256474

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 54.564576

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 55.629087

Smart Scan Analysis for ZARCLP

Based on our trend formula, ZARCLP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.641834 55.831761 55.511015 55.831761 +0.189927
Prev. Close Volume Bid Ask Time
55.641834 2021-10-22 05:00:15
Get a free daily analysis and signals for South African Rand/Chilean Peso (ZARCLP) - Request Your Free Report.