Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
Countertrend Up (+85) - CNYCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CNYCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYCLP
The long-term trend has been UP since Oct 12th, 2020 at 116.55167
The intermediate-term trend has been UP since Nov 15th, 2020 at 115.08615
The short-term trend has been UP since Nov 9th, 2020 at 114.03522
Smart Scan Analysis for CNYCLP
Based on our trend formula, CNYCLP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).