Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for USDCLP
The long-term trend has been UP since Jun 18th, 2021 at 742.80
The intermediate-term trend has been UP since Sep 27th, 2021 at 794.79
The short-term trend has been DOWN since Oct 25th, 2021 at 811.50
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).