Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Euro/Chilean Peso (FOREX:EURCLP)
Long-Term Downtrend (-90) - EURCLP is in a strong downtrend that is likely to continue. While EURCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 3rd, 2020 at 899.7756
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 879.3593
The short-term trend has been DOWN since Feb 7th, 2021 at 882.7767
Smart Scan Analysis for EURCLP
Based on our trend formula, EURCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).