Forex Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Sidelines Mode (+55) - CHFCLP 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 CHFCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFCLP
The long-term trend has been UP since Aug 10th, 2020 at 872.9649
The intermediate-term trend has been DOWN since Sep 1st, 2020 at 855.4139
The short-term trend has been UP since Sep 21st, 2020 at 842.7646
Smart Scan Analysis for CHFCLP
Based on our trend formula, CHFCLP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).