Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Chilean Peso/Colombian Peso (FOREX:CLPCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CLPCOP
The long term trend has been UP since Oct 3rd, 2018 at 4.56325
The intermediate term trend has been UP since Jan 30th, 2019 at 4.71600
The short term trend has been DOWN since Feb 13th, 2019 at 4.74625
Smart Scan Analysis for CLPCOP
Based on a pre-defined weighted trend formula for chart analysis, CLPCOP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).