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.
MarketClub’s Trade Triangles for ZARCLP
The long-term trend has been UP since May 12th, 2021 at 50.256474
The intermediate-term trend has been UP since Oct 11th, 2021 at 54.564576
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).