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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPPEN Price Change
4.2325 4.2499 4.2287 4.2499 +0.0174
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term up The long term trend has been UP since Sep 12th, 2017 at 4.2928

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2017 at 4.2524

short term down The short term trend has been DOWN since Oct 17th, 2017 at 4.2973

Smart Scan Analysis for GBPPEN

Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2325 4.2499 4.2287 4.2499 +0.0174
Prev. Close Volume Bid Ask Time
4.2325 4.2497 4.2501 2017-10-20 06:59:31
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