Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Oct 10th, 2018 at 4.38755
The intermediate term trend has been UP since Nov 6th, 2018 at 4.41305
The short term trend has been DOWN since Nov 15th, 2018 at 4.32655
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).