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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

US Dollar/Chilean Unidad de Fomento (FOREX:USDCLF)

Bull Market Weakness (+75) - USDCLF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCLF as it may be in the beginning stages of a reversal.

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
0.03385779 0.03385779 0.03371355 0.03378857 -0.00006900
Entry Signal

MarketClub’s Trade Triangles for USDCLF

long term down The long-term trend has been DOWN since May 6th, 2024 at 0.03370594

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 0.03332360

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.03351205

Smart Scan Analysis for USDCLF

Based on our trend formula, USDCLF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDCLF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03385779 0.03385779 0.03371355 0.03378857 -0.00006900
Prev. Close Volume Bid Ask Time
0.03385779 2024-06-20 17:19:10
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