Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 644.890
The intermediate term trend has been DOWN since Sep 25th, 2018 at 692.095
The short term trend has been DOWN since Oct 16th, 2018 at 681.075
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).