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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

US Dollar/Chilean Peso (FOREX:USDCLP)

Crossroads (+60) - USDCLP 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 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
942.21 946.50 940.25 945.42 +3.21
Entry Signal

MarketClub’s Trade Triangles for USDCLP

long term down The long-term trend has been DOWN since May 7th, 2024 at 928.35

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 919.50

short term up The short-term trend has been UP since Jun 14th, 2024 at 924.80

Smart Scan Analysis for USDCLP

Based on our trend formula, USDCLP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
942.21 946.50 940.25 945.42 +3.21
Prev. Close Volume Bid Ask Time
942.21 2024-06-24 18:02:42
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