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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
Bull Market Weakness (+75) - CNYCLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYCLP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYCLP
The long-term trend has been DOWN since May 9th, 2024 at 132.75222
The intermediate-term trend has been UP since Jul 21st, 2024 at 129.29367
The short-term trend has been UP since Jul 21st, 2024 at 127.36814
Smart Scan Analysis for CNYCLP
Based on our trend formula, CNYCLP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 131.02486 | 131.02486 | 131.02486 | 131.02486 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 131.02486 | 2024-07-26 07:26:05 |