Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CHFCLP
The long term trend has been UP since Jun 7th, 2018 at 644.89
The intermediate term trend has been UP since May 7th, 2018 at 622.50
The short term trend has been UP since Jul 17th, 2018 at 653.05
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).