Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Crossroads (+60) - JPYCLP is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Nov 1st, 2023 at 5.7536500
The intermediate-term trend has been UP since Dec 7th, 2023 at 6.0903566
The short-term trend has been UP since Dec 5th, 2023 at 5.9141436
Smart Scan Analysis for JPYCLP
Based on our trend formula, JPYCLP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).