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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

South African Rand/Chilean Peso (FOREX:ZARCLP)

Strong Downtrend (-100) - ZARCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARCLP continues to fall. 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.

FOREX_ZARCLP
Open High Low ZARCLP Price Change
49.174625 49.460147 48.954555 49.367957 +0.193332
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

long term down The long-term trend has been DOWN since May 17th, 2024 at 49.390956

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 50.219460

short term down The short-term trend has been DOWN since May 28th, 2024 at 49.005306

Smart Scan Analysis for ZARCLP

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

-100
Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.174625 49.460147 48.954555 49.367957 +0.193332
Prev. Close Volume Bid Ask Time
49.174625 2024-05-28 23:12:31
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