Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Chilean Unidad de Fomento/Chilean Peso (FOREX:CLFCLP)
Long-Term Uptrend (+90) - CLFCLP is in a strong uptrend that is likely to continue. While CLFCLP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 3rd, 2018 at 27361.09
The intermediate-term trend has been UP since Feb 20th, 2019 at 27548.89
The short-term trend has been UP since Feb 18th, 2019 at 27546.22
Smart Scan Analysis for CLFCLP
Based on our trend formula, CLFCLP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).