Forex Trend Analysis Report
Prepared for you on Friday, June 23, 2017.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Mar 22nd, 2017 at 5.92320
The intermediate term trend has been DOWN since Jun 19th, 2017 at 5.98290
The short term trend has been DOWN since Jun 14th, 2017 at 5.99575
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).