Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Euro/Chilean Peso (FOREX:EURCLP)
Countertrend Up (+85) - EURCLP 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 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 Jun 2nd, 2021 at 882.4923
The intermediate-term trend has been UP since Sep 12th, 2021 at 922.5597
The short-term trend has been UP since Sep 21st, 2021 at 923.3297
Smart Scan Analysis for EURCLP
Based on our trend formula, EURCLP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).