Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CHFCLP
The long term trend has been DOWN since Aug 28th, 2017 at 659.015
The intermediate term trend has been DOWN since Oct 16th, 2017 at 638.145
The short term trend has been UP since Oct 19th, 2017 at 639.610
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).