Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Chilean Peso/Canadian Dollar (FOREX:CLPCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CLPCAD
The long term trend has been DOWN since May 10th, 2019 at 0.00195500
The intermediate term trend has been DOWN since Sep 4th, 2019 at 0.00183200
The short term trend has been UP since Dec 3rd, 2019 at 0.00165608
Smart Scan Analysis for CLPCAD
Based on a pre-defined weighted trend formula for chart analysis, CLPCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).