Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Chinese Renminbi Yuan/Chilean Peso (FOREX:CNYCLP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNYCLP
The long term trend has been UP since Aug 31st, 2018 at 99.410
The intermediate term trend has been UP since Mar 5th, 2019 at 98.301
The short term trend has been UP since Mar 3rd, 2019 at 97.065
Smart Scan Analysis for CNYCLP
Based on a pre-defined weighted trend formula for chart analysis, CNYCLP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).