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.
MarketClub’s Trade Triangles for GBPCLP
The long-term trend has been DOWN since Dec 11th, 2020 at 974.4104
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 991.0227
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).