Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Strong Downtrend (-100) - MXNCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCLP
The long-term trend has been DOWN since Mar 9th, 2020 at 39.357601
The intermediate-term trend has been DOWN since Mar 4th, 2020 at 42.083805
The short-term trend has been DOWN since Feb 26th, 2020 at 42.614499
Smart Scan Analysis for MXNCLP
Based on our trend formula, MXNCLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).