Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Countertrend Down (-85) - AUDCLP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 15th, 2020 at 511.98000
The intermediate-term trend has been DOWN since May 11th, 2020 at 531.87084
The short-term trend has been UP since May 25th, 2020 at 530.55168
Smart Scan Analysis for AUDCLP
Based on our trend formula, AUDCLP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).