Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Long-Term Downtrend (-90) - ZARCLP is in a strong downtrend that is likely to continue. While ZARCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZARCLP
The long-term trend has been DOWN since Aug 4th, 2020 at 43.535924
The intermediate-term trend has been DOWN since Jul 23rd, 2020 at 46.165392
The short-term trend has been DOWN since Jul 30th, 2020 at 45.917449
Smart Scan Analysis for ZARCLP
Based on our trend formula, ZARCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).