Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Chilean Peso/Swiss Franc (FOREX:CLPCHF)
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 CLPCHF
The long term trend has been UP since Dec 20th, 2017 at 0.00159
The intermediate term trend has been DOWN since May 7th, 2018 at 0.00161
The short term trend has been DOWN since Jun 19th, 2018 at 0.00156
Smart Scan Analysis for CLPCHF
Based on a pre-defined weighted trend formula for chart analysis, CLPCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).