Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Dec 6th, 2017 at 0.217385
The intermediate term trend has been UP since Nov 27th, 2017 at 0.211070
The short term trend has been UP since Dec 6th, 2017 at 0.214525
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).