Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Chilean Peso/Euro (FOREX:CLPEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 CLPEUR
The long term trend has been DOWN since May 13th, 2019 at 0.00129
The intermediate term trend has been UP since Sep 6th, 2019 at 0.00127
The short term trend has been UP since Sep 5th, 2019 at 0.00126
Smart Scan Analysis for CLPEUR
Based on a pre-defined weighted trend formula for chart analysis, CLPEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).