Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Chilean Peso/Euro (FOREX:CLPEUR)
Crossroads (+60) - CLPEUR 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 CLPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPEUR
The long-term trend has been DOWN since May 25th, 2021 at 0.001120
The intermediate-term trend has been UP since Jan 7th, 2022 at 0.001060
The short-term trend has been UP since Dec 28th, 2021 at 0.001035
Smart Scan Analysis for CLPEUR
Based on our trend formula, CLPEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).