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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Chilean Peso (FOREX:USDCLP)

Long-Term Downtrend (-90) - USDCLP is in a strong downtrend that is likely to continue. While USDCLP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_USDCLP
Open High Low USDCLP Price Change
792.8 792.8 778.1 780.4 -12.4
Entry Signal

MarketClub’s Trade Triangles for USDCLP

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 798.6

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2020 at 826.6

short term down The short-term trend has been DOWN since Jun 1st, 2020 at 798.7

Smart Scan Analysis for USDCLP

Based on our trend formula, USDCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
792.8 792.8 778.1 780.4 -12.4
Prev. Close Volume Bid Ask Time
792.8 779.9 780.9 2020-06-02 14:09:33
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