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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Swiss Franc/Chilean Peso (FOREX:CHFCLP)

Bear Market Rally (-75) - CHFCLP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCLP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CHFCLP?

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

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

FOREX_CHFCLP
Open High Low CHFCLP Price Change
881.9859 886.8748 881.2812 885.9339 +3.9480
Entry Signal

MarketClub’s Trade Triangles for CHFCLP

long term down The long-term trend has been DOWN since Jan 3rd, 2023 at 909.3778

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 882.5608

short term up The short-term trend has been UP since May 28th, 2023 at 896.3743

Smart Scan Analysis for CHFCLP

Based on our trend formula, CHFCLP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
881.9859 886.8748 881.2812 885.9339 +3.9480
Prev. Close Volume Bid Ask Time
881.9859 2023-05-29 18:26:08
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