Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Oct 3rd, 2018 at 0.219215
The intermediate term trend has been DOWN since Sep 27th, 2018 at 0.221650
The short term trend has been UP since Oct 7th, 2018 at 0.220040
Smart Scan Analysis for COPCLP
Based on a pre-defined weighted trend formula for chart analysis, COPCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).