Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Chilean Peso/Australian Dollar (FOREX:CLPAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 Apr 29th, 2019 at 0.002095
The short term trend has been UP since May 21st, 2019 at 0.002095
Smart Scan Analysis for CLPAUD
Based on a pre-defined weighted trend formula for chart analysis, CLPAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).