Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 JPYCLP
The long term trend has been DOWN since Jul 4th, 2017 at 5.85930
The intermediate term trend has been UP since Jul 28th, 2017 at 5.89720
The short term trend has been UP since Aug 18th, 2017 at 5.90745
Smart Scan Analysis for JPYCLP
Based on a pre-defined weighted trend formula for chart analysis, JPYCLP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).