Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 COPCLP
The long term trend has been UP since Nov 3rd, 2019 at 0.21401481
The intermediate term trend has been UP since Feb 14th, 2020 at 0.23520799
The short term trend has been UP since Feb 13th, 2020 at 0.23142672
Smart Scan Analysis for COPCLP
Based on a pre-defined weighted trend formula for chart analysis, COPCLP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).