Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Chilean Peso/Australian Dollar (FOREX:CLPAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 CLPAUD
The long term trend has been DOWN since May 28th, 2019 at 0.002054
The intermediate term trend has been UP since Oct 3rd, 2019 at 0.002062
The short term trend has been UP since Oct 13th, 2019 at 0.002066
Smart Scan Analysis for CLPAUD
Based on a pre-defined weighted trend formula for chart analysis, CLPAUD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).