Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Chilean Peso/US Dollar (FOREX:CLPUSD)
Countertrend Down (-85) - CLPUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Jun 18th, 2021 at 0.0013468
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.0012600
The short-term trend has been UP since Oct 13th, 2021 at 0.0012200
Smart Scan Analysis for CLPUSD
Based on our trend formula, CLPUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).