Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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 13th, 2019 at 0.00129
The intermediate-term trend has been UP since Apr 30th, 2020 at 0.00110
The short-term trend has been UP since Jun 1st, 2020 at 0.00113
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).