Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Chilean Peso/British Pound (FOREX:CLPGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CLPGBP
The long term trend has been DOWN since Nov 30th, 2017 at 0.00115
The intermediate term trend has been DOWN since Jul 3rd, 2018 at 0.00116
The short term trend has been UP since Jul 18th, 2018 at 0.00117
Smart Scan Analysis for CLPGBP
Based on a pre-defined weighted trend formula for chart analysis, CLPGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).