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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Canadian Dollar/Chilean Peso (FOREX:CADCLP)

Countertrend Down (-85) - CADCLP 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 CADCLP?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADCLP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADCLP
Open High Low CADCLP Price Change
567.21466 568.66839 566.35316 567.11003 -0.10463
Entry Signal

MarketClub’s Trade Triangles for CADCLP

long term down The long-term trend has been DOWN since Dec 17th, 2020 at 571.22420

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 566.99234

short term up The short-term trend has been UP since Feb 25th, 2021 at 563.99038

Smart Scan Analysis for CADCLP

Based on our trend formula, CADCLP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
567.21466 568.66839 566.35316 567.11003 -0.10463
Prev. Close Volume Bid Ask Time
567.21466 2021-02-26 05:16:23
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