Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Chilean Peso/Mexican Peso (FOREX:CLPMXN)
Sidelines Mode (-55) - CLPMXN 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 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 Dec 12th, 2022 at 0.02278938
The intermediate-term trend has been DOWN since Feb 19th, 2023 at 0.02330130
The short-term trend has been UP since Mar 10th, 2023 at 0.02277097
Smart Scan Analysis for CLPMXN
Based on our trend formula, CLPMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).