Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Chilean Peso/US Dollar (FOREX:CLPUSD)
Sidelines Mode (+55) - CLPUSD 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 CLPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPUSD
The long-term trend has been UP since Jun 1st, 2020 at 0.00125204
The intermediate-term trend has been UP since Jul 21st, 2020 at 0.00129066
The short-term trend has been DOWN since Aug 3rd, 2020 at 0.00131000
Smart Scan Analysis for CLPUSD
Based on our trend formula, CLPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).