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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.

FOREX_CADCLP
Open High Low CADCLP Price Change
597.81480 597.81480 597.81480 597.81480 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADCLP

long term up The long term trend has been UP since May 10th, 2019 at 511.61000

intermediate term down The intermediate term trend has been DOWN since Feb 5th, 2020 at 583.07329

short term up 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).

+65
Smart Scan Analysis for CADCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
597.81480 597.81480 597.81480 597.81480 0.00000
Prev. Close Volume Bid Ask Time
597.81480 597.63674 597.99285 2020-02-16 14:06:49
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