Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Australian Dollar/Chilean Peso (FOREX:AUDCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AUDCLP
The long term trend has been DOWN since Aug 25th, 2019 at 470.555
The intermediate term trend has been UP since Sep 3rd, 2019 at 490.100
The short term trend has been DOWN since Sep 12th, 2019 at 487.170
Smart Scan Analysis for AUDCLP
Based on a pre-defined weighted trend formula for chart analysis, AUDCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).