Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Strong Downtrend (-100) - ZARCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jan 6th, 2021 at 46.651036
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 48.078005
The short-term trend has been DOWN since Feb 25th, 2021 at 47.522418
Smart Scan Analysis for ZARCLP
Based on our trend formula, ZARCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).