Free Daily Analysis

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.

FOREX_ZARCLP
Open High Low ZARCLP Price Change
44.386290 44.558034 43.685374 44.459853 +0.073563
Entry Signal

MarketClub’s Trade Triangles for ZARCLP

long term down The long-term trend has been DOWN since Aug 4th, 2020 at 43.535924

intermediate term down The intermediate-term trend has been DOWN since Jul 23rd, 2020 at 46.165392

short term down 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).

-90
Smart Scan Analysis for ZARCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.386290 44.558034 43.685374 44.459853 +0.073563
Prev. Close Volume Bid Ask Time
44.386290 44.447701 44.472005 2020-08-06 15:48:40
Get a free daily analysis and signals for South African Rand/Chilean Peso (ZARCLP) - Request Your Free Report.