Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

South African Rand/Chilean Peso (FOREX:ZARCLP)

Sidelines Mode (-55) - ZARCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
52.869329	53.258375	52.641496	53.144445	+0.275116
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

The long-term trend has been DOWN since Nov 22nd, 2021 at 51.096140

The intermediate-term trend has been DOWN since Oct 27th, 2021 at 53.288837

The short-term trend has been UP since Nov 28th, 2021 at 51.711424

Smart Scan Analysis for ZARCLP

Based on our trend formula, ZARCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
52.869329	53.258375	52.641496	53.144445	+0.275116
Prev. Close	Volume	Bid	Ask	Time
52.869329				2021-12-07 23:47:13

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