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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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.

FOREX_ZARCLP
Open High Low ZARCLP Price Change
50.750540 50.813428 50.540281 50.621215 -0.129325
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

long term up The long-term trend has been UP since Jul 18th, 2023 at 45.554552

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2024 at 52.189739

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 50.551121

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).

+55
Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.750540 50.813428 50.540281 50.621215 -0.129325
Prev. Close Volume Bid Ask Time
50.750540 2024-04-15 04:20:19
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