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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2017.

British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
4.32270 4.32275 4.32140 4.32195 -0.00075
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 up The intermediate term trend has been UP since Nov 6th, 2017 at 4.4405

short term up The short term trend has been UP since Dec 8th, 2017 at 4.3681

Smart Scan Analysis for GBPPEN

Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.32270 4.32275 4.32140 4.32195 -0.00075
Prev. Close Volume Bid Ask Time
4.32270 4.32170 4.32220 2017-12-11 00:38:31
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.