Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Long-Term Uptrend (+90) - JPYCLP is in a strong uptrend that is likely to continue. While JPYCLP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid JPYCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYCLP
The long-term trend has been UP since Aug 3rd, 2023 at 6.0121953
The intermediate-term trend has been UP since Sep 7th, 2023 at 6.0077560
The short-term trend has been UP since Sep 21st, 2023 at 6.0131550
Smart Scan Analysis for JPYCLP
Based on our trend formula, JPYCLP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).