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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.

FOREX_GBPCLP
Open High Low GBPCLP Price Change
1102.8225 1103.7882 1084.4614 1094.9617 -7.8608
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 1059.1952

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2023 at 1109.8232

short term down 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).

-100
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1102.8225 1103.7882 1084.4614 1094.9617 -7.8608
Prev. Close Volume Bid Ask Time
1102.8225 2023-12-04 15:43:53
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