Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Swiss Franc/Chilean Peso (FOREX:CHFCLP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 CHFCLP
The long term trend has been DOWN since Jan 31st, 2019 at 664.435
The intermediate term trend has been DOWN since Jan 11th, 2019 at 685.620
The short term trend has been DOWN since Feb 19th, 2019 at 657.285
Smart Scan Analysis for CHFCLP
Based on a pre-defined weighted trend formula for chart analysis, CHFCLP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).