Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Chilean Peso/Peruvian Nuevo Sol (FOREX:CLPPEN)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CLPPEN
The long term trend has been DOWN since May 13th, 2019 at 0.004877
The intermediate term trend has been UP since Jun 9th, 2019 at 0.004819
The short term trend has been UP since Jun 9th, 2019 at 0.004791
Smart Scan Analysis for CLPPEN
Based on a pre-defined weighted trend formula for chart analysis, CLPPEN scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).