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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

Open High Low CADPEN Price Change
2.47105 2.48265 2.46815 2.48215 +0.01110
Entry Signal

MarketClub’s Trade Triangles for CADPEN

long term down The long term trend has been DOWN since Nov 30th, 2017 at 2.51010

intermediate term up The intermediate term trend has been UP since Jul 9th, 2018 at 2.51285

short term down The short term trend has been DOWN since Jul 17th, 2018 at 2.47555

Smart Scan Analysis for CADPEN

Based on a pre-defined weighted trend formula for chart analysis, CADPEN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.47105 2.48265 2.46815 2.48215 +0.01110
Prev. Close Volume Bid Ask Time
2.47105 2.48140 2.48290 2018-07-18 14:21:43
Want to analyze Canadian Dollar/Peruvian Nuevo Sol CADPEN or another symbol? Try our Free Forex Trend Analysis Report.