Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Chilean Peso/Swiss Franc (FOREX:CLPCHF)
Sidelines Mode (-55) - CLPCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CLPCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPCHF
The long-term trend has been DOWN since May 17th, 2019 at 0.00144700
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.00116289
The short-term trend has been DOWN since May 25th, 2020 at 0.00119675
Smart Scan Analysis for CLPCHF
Based on our trend formula, CLPCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).