Forex Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
Chilean Peso/Chinese Yuan Renminbi (FOREX:CLPCNY)
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 CLPCNY
The long term trend has been DOWN since Aug 31st, 2018 at 0.010063
The intermediate term trend has been DOWN since Sep 22nd, 2019 at 0.009880
The short term trend has been UP since Oct 13th, 2019 at 0.009846
Smart Scan Analysis for CLPCNY
Based on a pre-defined weighted trend formula for chart analysis, CLPCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).