Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 COPCLP
The long term trend has been DOWN since Aug 18th, 2019 at 0.206175
The intermediate term trend has been UP since Sep 5th, 2019 at 0.210905
The short term trend has been DOWN since Sep 13th, 2019 at 0.211850
Smart Scan Analysis for COPCLP
Based on a pre-defined weighted trend formula for chart analysis, COPCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).