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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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.

FOREX_CNYCLP
Open High Low CNYCLP Price Change
127.92756 127.92756 127.92756 127.92756 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYCLP

long term up The long-term trend has been UP since Jun 2nd, 2021 at 113.48194

intermediate term up The intermediate-term trend has been UP since Sep 12th, 2021 at 121.07718

short term up The short-term trend has been UP since Sep 21st, 2021 at 121.44121

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).

+80
Smart Scan Analysis for CNYCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
127.92756 127.92756 127.92756 127.92756 0.00000
Prev. Close Volume Bid Ask Time
128.14583 2021-10-12 21:08:37
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