Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
Japanese Yen/Chilean Peso (FOREX:JPYCLP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 JPYCLP
The long term trend has been UP since Apr 22nd, 2019 at 5.939350
The intermediate term trend has been UP since Oct 30th, 2019 at 6.778050
The short term trend has been DOWN since Dec 2nd, 2019 at 7.560194
Smart Scan Analysis for JPYCLP
Based on a pre-defined weighted trend formula for chart analysis, JPYCLP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).