Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Chilean Unidad de Fomento/Chilean Peso (FOREX:CLFCLP)
Countertrend Up (+85) - CLFCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CLFCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLFCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLFCLP
The long-term trend has been UP since Oct 1st, 2020 at 28705.94
The intermediate-term trend has been UP since Jan 14th, 2021 at 29073.15
The short-term trend has been UP since Jan 13th, 2021 at 29070.32
Smart Scan Analysis for CLFCLP
Based on our trend formula, CLFCLP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).