Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Chilean Peso/South African Rand (FOREX:CLPZAR)
Long-Term Uptrend (+90) - CLPZAR is in a strong uptrend that is likely to continue. While CLPZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CLPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPZAR
The long-term trend has been UP since Jan 6th, 2021 at 0.02143784
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.02079953
The short-term trend has been UP since Feb 25th, 2021 at 0.02103952
Smart Scan Analysis for CLPZAR
Based on our trend formula, CLPZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).