Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

British Pound/Chilean Peso (FOREX:GBPCLP)

Countertrend Down (-85) - GBPCLP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPCLP
Open High Low GBPCLP Price Change
1143.9425 1159.4501 1142.0013 1155.0984 +11.1559
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since May 6th, 2024 at 1172.6107

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1212.3004

short term up The short-term trend has been UP since May 22nd, 2024 at 1136.9632

Smart Scan Analysis for GBPCLP

Based on our trend formula, GBPCLP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1143.9425 1159.4501 1142.0013 1155.0984 +11.1559
Prev. Close Volume Bid Ask Time
1143.9425 2024-05-23 11:43:07
Get a free daily analysis and signals for British Pound/Chilean Peso (GBPCLP) - Request Your Free Report.