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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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.

FOREX_GBPCLP
Open High Low GBPCLP Price Change
998.8236 1000.2484 995.6803 998.2293 -0.5943
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since Dec 11th, 2020 at 974.4104

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2021 at 991.0227

short term up The short-term trend has been UP since Feb 25th, 2021 at 1000.7797

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).

-75
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
998.8236 1000.2484 995.6803 998.2293 -0.5943
Prev. Close Volume Bid Ask Time
998.8236 2021-02-26 05:21:49
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