Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/Chilean Peso (FOREX:GBPCLP)
Long-Term Downtrend (-90) - GBPCLP is in a strong downtrend that is likely to continue. While GBPCLP 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 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 May 20th, 2020 at 984.1387
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 1026.6015
The short-term trend has been DOWN since May 29th, 2020 at 985.0720
Smart Scan Analysis for GBPCLP
Based on our trend formula, GBPCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).