Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDCLP
The long term trend has been UP since Nov 13th, 2018 at 499.740
The intermediate term trend has been DOWN since Nov 20th, 2018 at 484.685
The short term trend has been UP since Dec 11th, 2018 at 489.405
Smart Scan Analysis for AUDCLP
Based on a pre-defined weighted trend formula for chart analysis, AUDCLP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).