Forex Trend Analysis Report
Prepared for you on Friday, December 14, 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 UP since Dec 3rd, 2018 at 0.005075
The intermediate term trend has been DOWN since Dec 11th, 2018 at 0.004984
The short term trend has been DOWN since Dec 6th, 2018 at 0.005033
Smart Scan Analysis for CLPPEN
Based on a pre-defined weighted trend formula for chart analysis, CLPPEN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).