Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
British Pound/Chilean Peso (FOREX:GBPCLP)
Bear Market Rally (-75) - GBPCLP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCLP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCLP
The long-term trend has been DOWN since Sep 2nd, 2022 at 1013.0415
The intermediate-term trend has been UP since Feb 26th, 2023 at 984.5461
The short-term trend has been DOWN since Mar 23rd, 2023 at 993.9893
Smart Scan Analysis for GBPCLP
Based on our trend formula, GBPCLP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).