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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.

FOREX_AUDCLP
Open High Low AUDCLP Price Change
538.01657 540.81800 531.72783 532.69330 -5.32327
Entry Signal

MarketClub’s Trade Triangles for AUDCLP

long term down The long-term trend has been DOWN since Mar 15th, 2020 at 511.98000

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 531.87084

short term up 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).

-85
Smart Scan Analysis for AUDCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
538.01657 540.81800 531.72783 532.69330 -5.32327
Prev. Close Volume Bid Ask Time
538.01657 532.53350 532.85310 2020-05-29 17:18:37
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