Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Chilean Peso/Chilean Unidad de Fomento (FOREX:CLPCLF)
Long-Term Downtrend (-90) - CLPCLF is in a strong downtrend that is likely to continue. While CLPCLF 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 CLPCLF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPCLF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPCLF
The long-term trend has been DOWN since Oct 1st, 2020 at 0.00003484
The intermediate-term trend has been DOWN since Jan 14th, 2021 at 0.00003440
The short-term trend has been DOWN since Jan 14th, 2021 at 0.00003440
Smart Scan Analysis for CLPCLF
Based on our trend formula, CLPCLF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).