Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
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 MXNCLP
The long term trend has been DOWN since Sep 1st, 2017 at 35.424
The intermediate term trend has been DOWN since Feb 13th, 2018 at 32.018
The short term trend has been UP since Feb 12th, 2018 at 32.018
Smart Scan Analysis for MXNCLP
Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).