Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 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.
MarketClub’s Trade Triangles for USDCLP
The long-term trend has been DOWN since Dec 9th, 2022 at 860.53
The intermediate-term trend has been UP since Feb 24th, 2023 at 813.89
The short-term trend has been DOWN since Mar 21st, 2023 at 819.20
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).