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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2024.

British Pound/Chilean Peso (FOREX:GBPCLP)

Crossroads (-60) - GBPCLP is struggling to move into a solid trend. Beware of choppy markets 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
1225.3544 1236.6899 1216.2305 1235.8315 +10.4771
Entry Signal

MarketClub’s Trade Triangles for GBPCLP

long term up The long-term trend has been UP since Sep 4th, 2024 at 1231.4292

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2024 at 1222.0289

short term down The short-term trend has been DOWN since Nov 22nd, 2024 at 1224.2796

Smart Scan Analysis for GBPCLP

Based on our trend formula, GBPCLP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1225.3544 1236.6899 1216.2305 1235.8315 +10.4771
Prev. Close Volume Bid Ask Time
1225.3544 2024-11-22 15:28:39
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