Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)
Sidelines Mode (+55) - USDCLF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDCLF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCLF
The long-term trend has been UP since Jun 18th, 2021 at 0.02691619
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.02879021
The short-term trend has been DOWN since Oct 19th, 2021 at 0.02959875
Smart Scan Analysis for USDCLF
Based on our trend formula, USDCLF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).