Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Euro/Chilean Peso (FOREX:EURCLP)
Sidelines Mode (-55) - EURCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCLP
The long-term trend has been UP since May 13th, 2019 at 764.3100
The intermediate-term trend has been DOWN since Mar 29th, 2020 at 943.4518
The short-term trend has been UP since Apr 2nd, 2020 at 943.4518
Smart Scan Analysis for EURCLP
Based on our trend formula, EURCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).