Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
US Dollar/Chilean Peso (FOREX:USDCLP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDCLP
The long term trend has been UP since Apr 30th, 2018 at 612.700
The intermediate term trend has been UP since Oct 10th, 2018 at 687.600
The short term trend has been UP since Oct 19th, 2018 at 677.505
Smart Scan Analysis for USDCLP
Based on a pre-defined weighted trend formula for chart analysis, USDCLP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).