Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
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 Feb 18th, 2021 at 35.538604
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 35.068794
The short-term trend has been DOWN since Apr 8th, 2021 at 35.401203
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).