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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.

FOREX_CADCLP
Open High Low CADCLP Price Change
584.65231 586.96887 584.65231 586.94783 +2.29552
Entry Signal

MarketClub’s Trade Triangles for CADCLP

long term down The long-term trend has been DOWN since May 13th, 2020 at 581.15205

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 596.05722

short term down 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).

-70
Smart Scan Analysis for CADCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
584.65231 586.96887 584.65231 586.94783 +2.29552
Prev. Close Volume Bid Ask Time
584.65231 586.94353 586.95212 2020-06-02 04:55:35
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