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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Chilean Peso (FOREX:GBPCLP)
Long-Term Downtrend (-90) - GBPCLP is in a strong downtrend that is likely to continue. While GBPCLP 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 GBPCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCLP.
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 GBPCLP
The long-term trend has been DOWN since May 6th, 2024 at 1172.6107
The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1212.3004
The short-term trend has been DOWN since May 3rd, 2024 at 1179.2278
Smart Scan Analysis for GBPCLP
Based on our trend formula, GBPCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1169.8629 | 1171.7577 | 1165.7568 | 1170.6056 | +0.7427 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1169.8629 | 2024-05-09 09:00:19 |