Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Chilean Peso/Chinese Yuan Renminbi (FOREX:CLPCNY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CLPCNY
The long term trend has been DOWN since Aug 31st, 2018 at 0.010063
The intermediate term trend has been UP since Jun 9th, 2019 at 0.009934
The short term trend has been UP since Jun 9th, 2019 at 0.009875
Smart Scan Analysis for CLPCNY
Based on a pre-defined weighted trend formula for chart analysis, CLPCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).