Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Euro/Peruvian Nuevo Sol (FOREX:EURPEN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURPEN
The long term trend has been UP since Sep 11th, 2018 at 3.87635
The intermediate term trend has been UP since Nov 7th, 2018 at 3.87435
The short term trend has been DOWN since Dec 5th, 2018 at 3.82590
Smart Scan Analysis for EURPEN
Based on a pre-defined weighted trend formula for chart analysis, EURPEN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).