Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Nov 6th, 2017 at 4.4405
The short term trend has been UP since Feb 13th, 2018 at 4.5412
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).