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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

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.

FOREX_CHFCLP
Open High Low CHFCLP Price Change
948.3382 952.1258 940.0537 946.9717 -1.3665
Entry Signal

MarketClub’s Trade Triangles for CHFCLP

long term up The long-term trend has been UP since Jun 16th, 2022 at 896.8315

intermediate term down The intermediate-term trend has been DOWN since Jul 20th, 2022 at 950.2821

short term up The short-term trend has been UP since Aug 3rd, 2022 at 952.0787

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).

-55
Smart Scan Analysis for CHFCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
948.3382 952.1258 940.0537 946.9717 -1.3665
Prev. Close Volume Bid Ask Time
948.3382 2022-08-09 16:16:06
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