Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
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 negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for GBPPEN
The long term trend has been DOWN since Jun 19th, 2018 at 4.32785
The intermediate term trend has been DOWN since Jun 19th, 2018 at 4.32785
The short term trend has been UP since Jul 16th, 2018 at 4.33875
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).