Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 DOWN since Dec 19th, 2017 at 628.205
The intermediate term trend has been DOWN since Feb 26th, 2018 at 629.130
The short term trend has been UP since Mar 22nd, 2018 at 641.575
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).