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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
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.
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MarketClub’s Trade Triangles for USDCLF
The long-term trend has been UP since Jul 17th, 2023 at 0.02979409
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.03574963
The short-term trend has been DOWN since Apr 18th, 2024 at 0.03495879
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03452426 | 0.03457573 | 0.03439126 | 0.03442206 | -0.00010200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03452426 | 2024-04-23 11:04:06 |