Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Chilean Peso/Australian Dollar (FOREX:CLPAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CLPAUD
The long term trend has been UP since Oct 2nd, 2018 at 0.00212
The intermediate term trend has been UP since Sep 26th, 2018 at 0.00207
The short term trend has been DOWN since Oct 19th, 2018 at 0.00207
Smart Scan Analysis for CLPAUD
Based on a pre-defined weighted trend formula for chart analysis, CLPAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).