Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Chilean Peso/Argentine Peso (FOREX:CLPARS)
Long-Term Downtrend (-90) - CLPARS is in a strong downtrend that is likely to continue. While CLPARS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 9th, 2021 at 0.12771218
The intermediate-term trend has been DOWN since Sep 12th, 2021 at 0.12363164
The short-term trend has been DOWN since Sep 21st, 2021 at 0.12541189
Smart Scan Analysis for CLPARS
Based on our trend formula, CLPARS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).