Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
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.
MarketClub’s Trade Triangles for USDCLP
The long-term trend has been DOWN since Jun 1st, 2020 at 798.6
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 719.9
The short-term trend has been DOWN since Feb 25th, 2021 at 699.3
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).