Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Chilean Peso/Mexican Peso (FOREX:CLPMXN)
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 CLPMXN
The long term trend has been UP since Nov 9th, 2018 at 0.029478
The intermediate term trend has been UP since Sep 23rd, 2018 at 0.028108
The short term trend has been UP since Nov 4th, 2018 at 0.028665
Smart Scan Analysis for CLPMXN
Based on a pre-defined weighted trend formula for chart analysis, CLPMXN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).