Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Canadian Dollar/Peruvian Nuevo Sol (FOREX:CADPEN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Feb 20th, 2018 at 2.57705
The short term trend has been DOWN since Mar 14th, 2018 at 2.51775
Smart Scan Analysis for CADPEN
Based on a pre-defined weighted trend formula for chart analysis, CADPEN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).