Forex Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
Chilean Peso/Mexican Peso (FOREX:CLPMXN)
Countertrend Up (+85) - CLPMXN 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 CLPMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPMXN
The long-term trend has been UP since Dec 12th, 2022 at 0.02278938
The intermediate-term trend has been UP since Dec 4th, 2022 at 0.02186414
The short-term trend has been UP since Jan 2nd, 2023 at 0.02298950
Smart Scan Analysis for CLPMXN
Based on our trend formula, CLPMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).