Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CLPBRL
The long term trend has been UP since Dec 13th, 2017 at 0.005060
The intermediate term trend has been UP since Aug 13th, 2018 at 0.005875
The short term trend has been UP since Sep 16th, 2018 at 0.006042
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).