Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Chilean Peso/Chinese Yuan Renminbi (FOREX:CLPCNY)
Bear Market Rally (-75) - CLPCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CLPCNY as it may be in the beginning of a reversal.
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 Oct 12th, 2020 at 0.00858187
The intermediate-term trend has been DOWN since Nov 15th, 2020 at 0.00869126
The short-term trend has been UP since Dec 2nd, 2020 at 0.00860217
Smart Scan Analysis for CLPCNY
Based on our trend formula, CLPCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).