Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Canadian Dollar/Chilean Peso (FOREX:CADCLP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 CADCLP
The long term trend has been UP since May 10th, 2019 at 511.61000
The intermediate term trend has been DOWN since Feb 5th, 2020 at 583.07329
The short term trend has been UP since Feb 13th, 2020 at 599.98911
Smart Scan Analysis for CADCLP
Based on a pre-defined weighted trend formula for chart analysis, CADCLP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).