Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Chilean Peso/Chinese Yuan Renminbi (FOREX:CLPCNY)
Sidelines Mode (+50) - CLPCNY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CLPCNY can gain momentum.
Is it time to buy, sell, or avoid CLPCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPCNY
The long-term trend has been DOWN since Aug 31st, 2018 at 0.01006300
The intermediate-term trend has been UP since Mar 29th, 2020 at 0.00827643
The short-term trend has been UP since Apr 29th, 2020 at 0.00826373
Smart Scan Analysis for CLPCNY
Based on our trend formula, CLPCNY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).