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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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
4.32340 4.32650 4.28045 4.28245 -0.04095
Entry Signal

MarketClub’s Trade Triangles for GBPPEN

long term down The long term trend has been DOWN since Dec 10th, 2018 at 4.22750

intermediate term up The intermediate term trend has been UP since Dec 31st, 2018 at 4.29965

short term up The short term trend has been UP since Jan 17th, 2019 at 4.32285

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
4.32340 4.32650 4.28045 4.28245 -0.04095
Prev. Close Volume Bid Ask Time
4.32340 4.28230 4.28260 2019-01-18 12:25:39
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.