Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
British Pound/Chilean Peso (FOREX:GBPCLP)
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 GBPCLP
The long term trend has been DOWN since Aug 15th, 2017 at 834.480
The intermediate term trend has been DOWN since Nov 15th, 2017 at 819.885
The short term trend has been UP since Nov 16th, 2017 at 838.665
Smart Scan Analysis for GBPCLP
Based on a pre-defined weighted trend formula for chart analysis, GBPCLP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).