Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Bear Market Rally (-75) - JPYCLP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYCLP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYCLP
The long-term trend has been DOWN since Jun 1st, 2020 at 7.406550
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 6.874831
The short-term trend has been UP since Feb 26th, 2021 at 6.763714
Smart Scan Analysis for JPYCLP
Based on our trend formula, JPYCLP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).