Forex Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
US Dollar/Chilean Peso (FOREX:USDCLP)
Bear Market Rally (-75) - USDCLP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCLP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCLP
The long-term trend has been DOWN since Dec 9th, 2022 at 860.53
The intermediate-term trend has been UP since May 25th, 2023 at 810.76
The short-term trend has been DOWN since Jun 2nd, 2023 at 801.30
Smart Scan Analysis for USDCLP
Based on our trend formula, USDCLP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).