Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Chilean Unidad de Fomento/Chilean Peso (FOREX:CLFCLP)
Strong Uptrend (+100) - CLFCLP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CLFCLP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Aug 23rd, 2020 at 28670.20
The short-term trend has been UP since Aug 18th, 2020 at 28666.50
Smart Scan Analysis for CLFCLP
Based on our trend formula, CLFCLP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).