Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 COPCLP
The long term trend has been DOWN since Jun 25th, 2017 at 0.225820
The intermediate term trend has been DOWN since Oct 9th, 2017 at 0.217385
The short term trend has been UP since Sep 28th, 2017 at 0.213050
Smart Scan Analysis for COPCLP
Based on a pre-defined weighted trend formula for chart analysis, COPCLP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).