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.

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

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).

+85

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

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