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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.

FOREX_USDCLF
Open High Low USDCLF Price Change
0.03144523 0.03147458 0.03140391 0.03140826 -0.00003700
Entry Signal

MarketClub’s Trade Triangles for USDCLF

long term up The long-term trend has been UP since Jul 17th, 2023 at 0.02979409

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2023 at 0.03296812

short term down 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).

-70
Smart Scan Analysis for USDCLF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03144523 0.03147458 0.03140391 0.03140826 -0.00003700
Prev. Close Volume Bid Ask Time
0.03144523 2023-11-29 07:29:17
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