Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
British Pound/Chilean Peso (FOREX:GBPCLP)
Sidelines Mode (-55) - GBPCLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 3rd, 2021 at 1023.3110
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 1114.3319
The short-term trend has been UP since Jan 18th, 2022 at 1125.2952
Smart Scan Analysis for GBPCLP
Based on our trend formula, GBPCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).