Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Dec 19th, 2017 at 628.205
The intermediate term trend has been DOWN since Dec 18th, 2017 at 640.490
The short term trend has been UP since Jan 10th, 2018 at 623.425
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).