Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Sidelines Mode (+55) - CHFCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for CHFCLP
The long-term trend has been UP since May 13th, 2019 at 690.9050
The intermediate-term trend has been DOWN since Apr 29th, 2020 at 859.9245
The short-term trend has been UP since May 25th, 2020 at 835.6385
Smart Scan Analysis for CHFCLP
Based on our trend formula, CHFCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).