Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Chilean Peso/Euro (FOREX:CLPEUR)
Sidelines Mode (+55) - CLPEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Dec 18th, 2020 at 0.001130
The intermediate-term trend has been UP since Feb 15th, 2021 at 0.001145
The short-term trend has been DOWN since Feb 25th, 2021 at 0.001160
Smart Scan Analysis for CLPEUR
Based on our trend formula, CLPEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).