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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
Sidelines Mode (+55) - CNYCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 1st, 2023 at 116.66518
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 134.29661
The short-term trend has been UP since Apr 10th, 2024 at 133.79854
Smart Scan Analysis for CNYCLP
Based on our trend formula, CNYCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 137.85168 | 137.85168 | 137.85168 | 137.85168 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 137.85168 | 2024-04-18 07:26:27 |