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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.32625 4.33390 4.31000 4.31290 -0.01335
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long term trend has been DOWN since Jun 19th, 2018 at 4.32785

intermediate term down The intermediate term trend has been DOWN since Jun 19th, 2018 at 4.32785

short term up The short term trend has been UP since Jul 16th, 2018 at 4.33875

Smart Scan Analysis for GBPPEN

Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.32625 4.33390 4.31000 4.31290 -0.01335
Prev. Close Volume Bid Ask Time
4.32625 4.31280 4.31300 2018-07-17 09:32:37
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.