Forex Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MXNCLP
The long term trend has been UP since Jan 2nd, 2019 at 35.778
The intermediate term trend has been UP since Sep 5th, 2019 at 36.168
The short term trend has been UP since Sep 24th, 2019 at 36.989
Smart Scan Analysis for MXNCLP
Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).