Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
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 Oct 18th, 2018 at 0.005648
The intermediate term trend has been UP since Jan 22nd, 2019 at 0.005602
The short term trend has been DOWN since Feb 15th, 2019 at 0.005650
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).