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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
Long-Term Downtrend (-90) - CNYCLP is in a strong downtrend that is likely to continue. While CNYCLP 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 CNYCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYCLP
The long-term trend has been DOWN since May 9th, 2024 at 132.75222
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 134.29661
The short-term trend has been DOWN since May 3rd, 2024 at 133.94373
Smart Scan Analysis for CNYCLP
Based on our trend formula, CNYCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 132.28519 | 132.28519 | 132.28519 | 132.28519 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 132.28519 | 2024-05-09 07:26:27 |