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.
MarketClub’s Trade Triangles for CHFCLP
The long-term trend has been UP since Jun 16th, 2022 at 896.8315
The intermediate-term trend has been DOWN since Jul 20th, 2022 at 950.2821
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).