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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

British Pound/Chilean Peso (FOREX:GBPCLP)

Strong Downtrend (-100) - GBPCLP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCLP continues to fall. Traders should use caution and set stops.

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
1153.3371 1153.9688 1143.0853 1143.4671 -9.8700
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term down The long-term trend has been DOWN since May 6th, 2024 at 1172.6107

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1212.3004

short term down The short-term trend has been DOWN since May 28th, 2024 at 1147.7796

Smart Scan Analysis for GBPCLP

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

-100
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1153.3371 1153.9688 1143.0853 1143.4671 -9.8700
Prev. Close Volume Bid Ask Time
1153.3371 2024-05-28 21:56:40
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