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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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
0.03192868 0.03211714 0.03174893 0.03198450 +0.00005600
Entry Signal

MarketClub’s Trade Triangles for USDCLF

long term up The long-term trend has been UP since Apr 25th, 2022 at 0.03102230

intermediate term down The intermediate-term trend has been DOWN since Jul 26th, 2022 at 0.03335440

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 0.03255348

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
0.03192868 0.03211714 0.03174893 0.03198450 +0.00005600
Prev. Close Volume Bid Ask Time
0.03192868 2022-08-16 15:26:54
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