Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Chilean Peso/Swiss Franc (FOREX:CLPCHF)
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 CLPCHF
The long term trend has been DOWN since May 17th, 2019 at 0.0014470
The intermediate term trend has been DOWN since Oct 21st, 2019 at 0.0013600
The short term trend has been DOWN since Dec 9th, 2019 at 0.0012476
Smart Scan Analysis for CLPCHF
Based on a pre-defined weighted trend formula for chart analysis, CLPCHF scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).