Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)
Weak Downtrend (-65) - USDCLF is showing signs of a strengthening downtrend. Monitor USDCLF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDCLF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCLF
The long-term trend has been UP since Apr 22nd, 2019 at 0.02408900
The intermediate-term trend has been DOWN since May 5th, 2020 at 0.03021412
The short-term trend has been DOWN since May 29th, 2020 at 0.02894931
Smart Scan Analysis for USDCLF
Based on our trend formula, USDCLF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).