Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Sidelines Mode (+55) - AUDCLP 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 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 UP since Jun 19th, 2020 at 563.94530
The intermediate-term trend has been UP since Nov 15th, 2020 at 558.41356
The short-term trend has been DOWN since Nov 30th, 2020 at 561.93600
Smart Scan Analysis for AUDCLP
Based on our trend formula, AUDCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).