Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
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 CLPBRL
The long term trend has been DOWN since Dec 6th, 2017 at 0.00499
The intermediate term trend has been UP since Oct 9th, 2017 at 0.00499
The short term trend has been DOWN since Dec 6th, 2017 at 0.00499
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).