Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Jul 3rd, 2018 at 33.1460
The intermediate term trend has been DOWN since Aug 13th, 2018 at 34.3335
The short term trend has been UP since Aug 14th, 2018 at 34.7795
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).