Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Chilean Peso/US Dollar (FOREX:CLPUSD)
Sidelines Mode (-55) - CLPUSD 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 CLPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPUSD
The long-term trend has been DOWN since Jul 17th, 2023 at 0.001220
The intermediate-term trend has been UP since Oct 31st, 2023 at 0.001110
The short-term trend has been DOWN since Dec 5th, 2023 at 0.001145
Smart Scan Analysis for CLPUSD
Based on our trend formula, CLPUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).