Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Chilean Peso/Australian Dollar (FOREX:CLPAUD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 CLPAUD
The long term trend has been UP since Feb 4th, 2019 at 0.002119
The intermediate term trend has been DOWN since Mar 11th, 2019 at 0.002110
The short term trend has been DOWN since Apr 17th, 2019 at 0.002097
Smart Scan Analysis for CLPAUD
Based on a pre-defined weighted trend formula for chart analysis, CLPAUD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).