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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)

Sidelines Mode (-55) - USDCLF 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 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.

FOREX_USDCLF
Open High Low USDCLF Price Change
0.02594856 0.02626023 0.02594856 0.02626023 +0.00031200
Entry Signal

MarketClub’s Trade Triangles for USDCLF

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.02894569

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.02609352

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.02601379

Smart Scan Analysis for USDCLF

Based on our trend formula, USDCLF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDCLF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02594856 0.02626023 0.02594856 0.02626023 +0.00031200
Prev. Close Volume Bid Ask Time
0.02594856 2021-02-26 11:24:27
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