Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 GBPPEN
The long term trend has been UP since Sep 12th, 2017 at 4.2928
The intermediate term trend has been DOWN since Apr 20th, 2018 at 4.5121
The short term trend has been DOWN since Apr 18th, 2018 at 4.5911
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).