Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Canadian Dollar/Chilean Peso (FOREX:CADCLP)
Weak Downtrend (-65) - CADCLP is showing signs of a strengthening downtrend. Monitor CADCLP as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CADCLP
The long-term trend has been DOWN since May 13th, 2020 at 581.15205
The intermediate-term trend has been DOWN since May 1st, 2020 at 596.05722
The short-term trend has been DOWN since May 31st, 2020 at 579.92847
Smart Scan Analysis for CADCLP
Based on our trend formula, CADCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).