Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
Strong Downtrend (-100) - CNYCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 13th, 2020 at 112.35959
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 111.77116
The short-term trend has been DOWN since Feb 9th, 2021 at 113.22293
Smart Scan Analysis for CNYCLP
Based on our trend formula, CNYCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).