Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Chilean Peso/Chinese Yuan Renminbi (FOREX:CLPCNY)
Crossroads (-60) - CLPCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 1st, 2023 at 0.00857354
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.00776355
The short-term trend has been UP since Nov 19th, 2023 at 0.00798117
Smart Scan Analysis for CLPCNY
Based on our trend formula, CLPCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).