Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Chilean Peso/Mexican Peso (FOREX:CLPMXN)
Countertrend Up (+85) - CLPMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CLPMXN
The long-term trend has been UP since Mar 9th, 2020 at 0.02541520
The intermediate-term trend has been UP since Mar 4th, 2020 at 0.02376796
The short-term trend has been UP since Feb 26th, 2020 at 0.02347245
Smart Scan Analysis for CLPMXN
Based on our trend formula, CLPMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).