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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chilean Peso/Mexican Peso (FOREX:CLPMXN)

Countertrend Down (-85) - CLPMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CLPMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CLPMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CLPMXN
Open High Low CLPMXN Price Change
0.02180493 0.02180493 0.02180493 0.02180493 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CLPMXN

long term down The long-term trend has been DOWN since May 2nd, 2022 at 0.02467526

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.02222968

short term up The short-term trend has been UP since Jul 29th, 2022 at 0.02072689

Smart Scan Analysis for CLPMXN

Based on our trend formula, CLPMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CLPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02180493 0.02180493 0.02180493 0.02180493 0.00000000
Prev. Close Volume Bid Ask Time
0.02180493 2022-08-19 07:18:29
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