Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
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 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 DOWN since Sep 13th, 2019 at 36.650
Smart Scan Analysis for MXNCLP
Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).