Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Chilean Peso/Argentine Peso (FOREX:CLPARS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Apr 21st, 2019 at 0.063461
The short term trend has been DOWN since May 15th, 2019 at 0.065339
Smart Scan Analysis for CLPARS
Based on a pre-defined weighted trend formula for chart analysis, CLPARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).