Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Chilean Peso/Euro (FOREX:CLPEUR)
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 CLPEUR
The long term trend has been DOWN since Jun 29th, 2018 at 0.001320
The intermediate term trend has been DOWN since Aug 20th, 2018 at 0.001305
The short term trend has been UP since Sep 19th, 2018 at 0.001255
Smart Scan Analysis for CLPEUR
Based on a pre-defined weighted trend formula for chart analysis, CLPEUR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).