Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Chilean Peso/Euro (FOREX:CLPEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Dec 3rd, 2018 at 0.001320
The intermediate term trend has been DOWN since Mar 8th, 2019 at 0.001330
The short term trend has been UP since Mar 19th, 2019 at 0.001325
Smart Scan Analysis for CLPEUR
Based on a pre-defined weighted trend formula for chart analysis, CLPEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).