Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Chilean Peso/Mexican Peso (FOREX:CLPMXN)
Strong Downtrend (-100) - CLPMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for CLPMXN
The long-term trend has been DOWN since Sep 18th, 2020 at 0.02750639
The intermediate-term trend has been DOWN since Nov 15th, 2020 at 0.02705677
The short-term trend has been DOWN since Nov 15th, 2020 at 0.02705677
Smart Scan Analysis for CLPMXN
Based on our trend formula, CLPMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).