Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Countertrend Down (-85) - CHFCLP 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 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 DOWN since Nov 11th, 2020 at 819.1934
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 807.7216
The short-term trend has been UP since Mar 8th, 2021 at 793.7144
Smart Scan Analysis for CHFCLP
Based on our trend formula, CHFCLP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).