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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

British Pound/Chilean Peso (FOREX:GBPCLP)

Sidelines Mode (-55) - GBPCLP 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 GBPCLP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCLP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCLP
Open High Low GBPCLP Price Change
992.7369 998.1360 986.8019 989.8012 -2.9357
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since Sep 2nd, 2022 at 1013.0415

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2023 at 984.5461

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 993.9893

Smart Scan Analysis for GBPCLP

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

-55
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
992.7369 998.1360 986.8019 989.8012 -2.9357
Prev. Close Volume Bid Ask Time
992.7369 2023-03-27 09:53:44
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