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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.

FOREX_GBPPEN
Open High Low GBPPEN Price Change
4.55980 4.56535 4.55445 4.56535 +0.00555
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 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).

+100
Smart Scan Analysis for GBPPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.55980 4.56535 4.55445 4.56535 +0.00555
Prev. Close Volume Bid Ask Time
4.55980 4.56500 4.56570 2018-02-18 21:01:20
Want to analyze British Pound/Peruvian Nuevo Sol GBPPEN or another symbol? Try our Free Forex Trend Analysis Report.