Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Jun 26th, 2017 at 0.004880
The intermediate term trend has been UP since Oct 9th, 2017 at 0.004990
The short term trend has been UP since Sep 8th, 2017 at 0.005035
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).