Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jul 3rd, 2018 at 33.1460
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 35.5885
The short term trend has been UP since Oct 7th, 2018 at 34.9535
Smart Scan Analysis for MXNCLP
Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).