Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/Chilean Peso (FOREX:GBPCLP)
Strong Downtrend (-100) - GBPCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCLP continues to fall. 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 Nov 1st, 2023 at 1059.1952
The intermediate-term trend has been DOWN since Oct 30th, 2023 at 1109.8232
The short-term trend has been DOWN since Dec 1st, 2023 at 1096.3353
Smart Scan Analysis for GBPCLP
Based on our trend formula, GBPCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).