Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jun 2nd, 2019 at 0.005636
The intermediate term trend has been DOWN since Jul 16th, 2019 at 0.005561
The short term trend has been DOWN since Jul 7th, 2019 at 0.005626
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).