Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
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 COPCLP
The long term trend has been UP since Apr 18th, 2018 at 0.216225
The intermediate term trend has been DOWN since Jul 30th, 2018 at 0.223975
The short term trend has been DOWN since Aug 14th, 2018 at 0.221700
Smart Scan Analysis for COPCLP
Based on a pre-defined weighted trend formula for chart analysis, COPCLP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).