Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Bull Market Weakness (+75) - MXNCLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCLP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCLP
The long-term trend has been UP since May 2nd, 2022 at 40.536512
The intermediate-term trend has been UP since Jun 15th, 2022 at 42.299775
The short-term trend has been UP since Jun 15th, 2022 at 42.299775
Smart Scan Analysis for MXNCLP
Based on our trend formula, MXNCLP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).