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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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.50720 4.50720 4.50495 4.50495 -0.00225
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 Apr 20th, 2018 at 4.5121

short term down 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).

-70
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.50720 4.50720 4.50495 4.50495 -0.00225
Prev. Close Volume Bid Ask Time
4.50720 4.50450 4.50540 2018-04-21 11:24:21
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.