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.
MarketClub’s Trade Triangles for CLPZAR
The long-term trend has been UP since Aug 4th, 2020 at 0.02296216
The intermediate-term trend has been UP since Jul 23rd, 2020 at 0.02166204
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).