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.
MarketClub’s Trade Triangles for CHFCLP
The long-term trend has been DOWN since Jan 3rd, 2023 at 909.3778
The intermediate-term trend has been DOWN since May 11th, 2023 at 882.5608
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).