Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 AUDCLP
The long term trend has been UP since Oct 21st, 2019 at 494.05500
The intermediate term trend has been UP since Jan 6th, 2020 at 533.17827
The short term trend has been DOWN since Jan 20th, 2020 at 529.56097
Smart Scan Analysis for AUDCLP
Based on a pre-defined weighted trend formula for chart analysis, AUDCLP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).