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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)

Sidelines Mode (-55) - CNYCLP 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 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.

FOREX_CNYCLP
Open High Low CNYCLP Price Change
128.33245 128.33245 128.33245 128.33245 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYCLP

long term down The long-term trend has been DOWN since May 9th, 2024 at 132.75222

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 129.41299

short term down The short-term trend has been DOWN since Jun 20th, 2024 at 128.79568

Smart Scan Analysis for CNYCLP

Based on our trend formula, CNYCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.33245 128.33245 128.33245 128.33245 0.00000
Prev. Close Volume Bid Ask Time
128.07394 2024-06-21 07:26:10
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