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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

US Dollar/Chilean Peso (FOREX:USDCLP)

Sidelines Mode (+55) - USDCLP 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 USDCLP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCLP
Open High Low USDCLP Price Change
871.6243 872.2514 871.6243 872.2514 +0.6271
Entry Signal

MarketClub’s Trade Triangles for USDCLP

long term up The long-term trend has been UP since Jul 21st, 2023 at 824.56

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2023 at 920.20

short term up The short-term trend has been UP since Dec 5th, 2023 at 872.20

Smart Scan Analysis for USDCLP

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

+55
Smart Scan Analysis for USDCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
871.6243 872.2514 871.6243 872.2514 +0.6271
Prev. Close Volume Bid Ask Time
872.2514 2023-12-08 20:32:21
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