Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Weak Downtrend (-65) - ZARCLP is showing signs of a strengthening downtrend. Monitor ZARCLP as it may be building momentum to the downside.
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 Aug 31st, 2022 at 51.935288
The intermediate-term trend has been DOWN since Dec 1st, 2022 at 50.704359
The short-term trend has been DOWN since Mar 21st, 2023 at 44.355022
Smart Scan Analysis for ZARCLP
Based on our trend formula, ZARCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).