Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CLPBRL
The long term trend has been DOWN since Nov 3rd, 2019 at 0.00551000
The intermediate term trend has been UP since Jan 23rd, 2020 at 0.00544707
The short term trend has been DOWN since Jan 26th, 2020 at 0.00538430
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).