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.
MarketClub’s Trade Triangles for CADPEN
The long term trend has been DOWN since Nov 30th, 2017 at 2.51010
The intermediate term trend has been UP since Jul 9th, 2018 at 2.51285
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).