Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Chilean Peso/Peruvian Nuevo Sol (FOREX:CLPPEN)
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 CLPPEN
The long term trend has been DOWN since May 1st, 2018 at 0.005350
The intermediate term trend has been UP since Sep 23rd, 2018 at 0.004865
The short term trend has been DOWN since Oct 7th, 2018 at 0.005011
Smart Scan Analysis for CLPPEN
Based on a pre-defined weighted trend formula for chart analysis, CLPPEN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).