Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
South African Rand/Chilean Peso (FOREX:ZARCLP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZARCLP
The long term trend has been DOWN since Feb 14th, 2019 at 46.7870
The intermediate term trend has been DOWN since Feb 7th, 2019 at 48.1250
The short term trend has been UP since Mar 20th, 2019 at 46.4725
Smart Scan Analysis for ZARCLP
Based on a pre-defined weighted trend formula for chart analysis, ZARCLP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).