Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Countertrend Up (+85) - AUDCLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDCLP
The long-term trend has been UP since May 25th, 2021 at 572.42156
The intermediate-term trend has been UP since Jul 26th, 2021 at 566.16854
The short-term trend has been DOWN since Oct 25th, 2021 at 606.55089
Smart Scan Analysis for AUDCLP
Based on our trend formula, AUDCLP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).