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Forex Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

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.

FOREX_CLPZAR
Open High Low CLPZAR Price Change
0.02252948 0.02289096 0.02244442 0.02248860 -0.00004100
Entry Signal

MarketClub’s Trade Triangles for CLPZAR

long term up The long-term trend has been UP since Aug 4th, 2020 at 0.02296216

intermediate term up The intermediate-term trend has been UP since Jul 23rd, 2020 at 0.02166204

short term up The short-term trend has been UP since Jul 30th, 2020 at 0.02177822

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).

+90
Smart Scan Analysis for CLPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02252948 0.02289096 0.02244442 0.02248860 -0.00004100
Prev. Close Volume Bid Ask Time
0.02252948 0.02248246 0.02249475 2020-08-06 14:13:54
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