Forex Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
Chilean Peso/Peruvian Nuevo Sol (FOREX:CLPPEN)
Strong Downtrend (-100) - CLPPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CLPPEN continues to fall. 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 May 28th, 2023 at 0.00459089
The intermediate-term trend has been DOWN since Sep 10th, 2023 at 0.00427748
The short-term trend has been DOWN since Sep 5th, 2023 at 0.00432943
Smart Scan Analysis for CLPPEN
Based on our trend formula, CLPPEN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).