Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Crossroads (-60) - MXNCLP 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 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 DOWN since Mar 9th, 2020 at 39.357601
The intermediate-term trend has been UP since May 26th, 2020 at 35.025612
The short-term trend has been UP since May 19th, 2020 at 34.537483
Smart Scan Analysis for MXNCLP
Based on our trend formula, MXNCLP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).