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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)
Strong Downtrend (-100) - USDCLF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCLF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDCLF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLF.
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 USDCLF
The long-term trend has been DOWN since May 6th, 2024 at 0.03370594
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.03406473
The short-term trend has been DOWN since May 3rd, 2024 at 0.03414011
Smart Scan Analysis for USDCLF
Based on our trend formula, USDCLF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03392629 | 0.03404335 | 0.03357294 | 0.03357294 | -0.00035300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03392629 | 2024-05-09 12:21:00 |