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.
MarketClub’s Trade Triangles for CADCLP
The long-term trend has been DOWN since Dec 17th, 2020 at 571.22420
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 566.99234
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).