Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
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 CADPEN
The long term trend has been UP since Sep 12th, 2018 at 2.55275
The intermediate term trend has been UP since Jul 9th, 2018 at 2.51285
The short term trend has been DOWN since Oct 18th, 2018 at 2.55835
Smart Scan Analysis for CADPEN
Based on a pre-defined weighted trend formula for chart analysis, CADPEN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).