Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Chilean Peso/Brazilian Real (FOREX:CLPBRL)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CLPBRL
The long term trend has been DOWN since Jun 2nd, 2019 at 0.005636
The intermediate term trend has been UP since Aug 7th, 2019 at 0.005527
The short term trend has been UP since Aug 4th, 2019 at 0.005451
Smart Scan Analysis for CLPBRL
Based on a pre-defined weighted trend formula for chart analysis, CLPBRL scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).