Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Chilean Peso/Australian Dollar (FOREX:CLPAUD)
Bear Market Rally (-75) - CLPAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CLPAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CLPAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPAUD
The long-term trend has been DOWN since Jun 19th, 2020 at 0.00177322
The intermediate-term trend has been UP since Jul 24th, 2020 at 0.00184753
The short-term trend has been DOWN since Aug 4th, 2020 at 0.00181682
Smart Scan Analysis for CLPAUD
Based on our trend formula, CLPAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).