Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Chilean Peso/Colombian Peso (FOREX:CLPCOP)
Long-Term Downtrend (-90) - CLPCOP is in a strong downtrend that is likely to continue. While CLPCOP 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 CLPCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPCOP
The long-term trend has been DOWN since Apr 7th, 2023 at 5.6214546
The intermediate-term trend has been DOWN since May 28th, 2023 at 5.6579734
The short-term trend has been DOWN since Sep 5th, 2023 at 4.7836219
Smart Scan Analysis for CLPCOP
Based on our trend formula, CLPCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).