Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Chilean Peso/Argentine Peso (FOREX:CLPARS)
Countertrend Up (+85) - CLPARS 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 CLPARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPARS
The long-term trend has been UP since May 4th, 2020 at 0.07884859
The intermediate-term trend has been UP since Oct 19th, 2020 at 0.09708994
The short-term trend has been UP since Nov 18th, 2020 at 0.10489559
Smart Scan Analysis for CLPARS
Based on our trend formula, CLPARS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).