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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Swiss Franc/Chilean Peso (FOREX:CHFCLP)

Long-Term Downtrend (-90) - CHFCLP is in a strong downtrend that is likely to continue. While CHFCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CHFCLP
Open High Low CHFCLP Price Change
982.2374 998.9819 980.2931 997.7113 +15.4739
Entry Signal

MarketClub’s Trade Triangles for CHFCLP

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 1031.1250

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 1084.1068

short term down The short-term trend has been DOWN since May 29th, 2024 at 982.0114

Smart Scan Analysis for CHFCLP

Based on our trend formula, CHFCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
982.2374 998.9819 980.2931 997.7113 +15.4739
Prev. Close Volume Bid Ask Time
982.2374 2024-05-29 16:52:33
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