Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Bull Market Weakness (+75) - CHFCLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFCLP as it may be in the beginning stages of a reversal.
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 Jul 17th, 2023 at 924.0451
The intermediate-term trend has been UP since Jun 21st, 2023 at 897.4576
The short-term trend has been DOWN since Sep 29th, 2023 at 979.7842
Smart Scan Analysis for CHFCLP
Based on our trend formula, CHFCLP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).