Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)
Crossroads (+60) - USDCLF is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for USDCLF
The long-term trend has been DOWN since Dec 9th, 2022 at 0.03119988
The intermediate-term trend has been UP since Feb 24th, 2023 at 0.02949111
The short-term trend has been UP since Mar 13th, 2023 at 0.02910515
Smart Scan Analysis for USDCLF
Based on our trend formula, USDCLF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).