Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Long-Term Downtrend (-90) - AUDCLP is in a strong downtrend that is likely to continue. While AUDCLP 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 AUDCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDCLP
The long-term trend has been DOWN since Oct 11th, 2022 at 584.46021
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 539.34053
The short-term trend has been DOWN since Mar 22nd, 2023 at 545.35719
Smart Scan Analysis for AUDCLP
Based on our trend formula, AUDCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).