Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Chilean Peso/Argentine Peso (FOREX:CLPARS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 CLPARS
The long term trend has been UP since Jan 9th, 2018 at 0.027865
The intermediate term trend has been UP since Jan 16th, 2019 at 0.055360
The short term trend has been UP since Jan 16th, 2019 at 0.055191
Smart Scan Analysis for CLPARS
Based on a pre-defined weighted trend formula for chart analysis, CLPARS scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).