Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Jul 17th, 2023 at 0.02979409
The intermediate-term trend has been DOWN since Oct 30th, 2023 at 0.03296812
The short-term trend has been DOWN since Nov 14th, 2023 at 0.03280680
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).