Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Chilean Peso/Peruvian Nuevo Sol (FOREX:CLPPEN)
Long-Term Downtrend (-90) - CLPPEN is in a strong downtrend that is likely to continue. While CLPPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CLPPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPPEN
The long-term trend has been DOWN since Sep 29th, 2021 at 0.00515480
The intermediate-term trend has been DOWN since Sep 12th, 2021 at 0.00523436
The short-term trend has been DOWN since Sep 21st, 2021 at 0.00524105
Smart Scan Analysis for CLPPEN
Based on our trend formula, CLPPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).