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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.

FOREX_CNYCLP
Open High Low CNYCLP Price Change
116.88151 116.88151 116.83260 116.83260 -0.04891
Entry Signal

MarketClub’s Trade Triangles for CNYCLP

long term up The long-term trend has been UP since Oct 12th, 2020 at 116.55167

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2020 at 115.08615

short term up 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).

+80
Smart Scan Analysis for CNYCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.88151 116.88151 116.83260 116.83260 -0.04891
Prev. Close Volume Bid Ask Time
116.88151 2020-11-30 21:00:31
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