Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Sidelines Mode (-55) - JPYCLP 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 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 UP since Jul 8th, 2021 at 6.845880
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 7.113025
The short-term trend has been UP since Oct 22nd, 2021 at 7.199968
Smart Scan Analysis for JPYCLP
Based on our trend formula, JPYCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).