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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.

FOREX_USDCLF
Open High Low USDCLF Price Change
0.02961361 0.02966326 0.02936427 0.02937333 -0.00024000
Entry Signal

MarketClub’s Trade Triangles for USDCLF

long term up The long-term trend has been UP since Jun 18th, 2021 at 0.02691619

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 0.02879021

short term down 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).

+55
Smart Scan Analysis for USDCLF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02961361 0.02966326 0.02936427 0.02937333 -0.00024000
Prev. Close Volume Bid Ask Time
0.02961361 2021-10-19 19:52:54
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