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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Chilean Peso (FOREX:GBPCLP)

Long-Term Downtrend (-90) - GBPCLP is in a strong downtrend that is likely to continue. While GBPCLP is showing intraday strength, it remains in the confines of a bearish trend. 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
989.8901 994.9046 989.3312 994.4804 +4.5903
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since May 20th, 2020 at 984.1387

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 1026.6015

short term down The short-term trend has been DOWN since May 29th, 2020 at 985.0720

Smart Scan Analysis for GBPCLP

Based on our trend formula, GBPCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
989.8901 994.9046 989.3312 994.4804 +4.5903
Prev. Close Volume Bid Ask Time
989.8901 994.4328 994.5280 2020-06-02 05:07:18
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