Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Chilean Peso/Euro (FOREX:CLPEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CLPEUR
The long term trend has been DOWN since May 13th, 2019 at 0.001290
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.001170
The short term trend has been UP since Jan 3rd, 2020 at 0.001195
Smart Scan Analysis for CLPEUR
Based on a pre-defined weighted trend formula for chart analysis, CLPEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).