Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Chilean Peso/US Dollar (FOREX:CLPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CLPUSD
The long term trend has been DOWN since May 8th, 2019 at 0.001458
The intermediate term trend has been DOWN since Oct 22nd, 2019 at 0.001369
The short term trend has been UP since Dec 4th, 2019 at 0.001250
Smart Scan Analysis for CLPUSD
Based on a pre-defined weighted trend formula for chart analysis, CLPUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).