Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Chinese Yuan Renminbi/Chilean Peso (FOREX:CNYCLP)
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 CNYCLP
The long term trend has been UP since Aug 31st, 2018 at 99.41000
The intermediate term trend has been UP since Jan 8th, 2020 at 110.19198
The short term trend has been UP since Jan 1st, 2020 at 107.12173
Smart Scan Analysis for CNYCLP
Based on a pre-defined weighted trend formula for chart analysis, CNYCLP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).