Forex Trend Analysis Report
Prepared for you on Sunday, June 25, 2017.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Apr 27th, 2017 at 4.18485
The intermediate term trend has been DOWN since May 31st, 2017 at 4.18095
The short term trend has been DOWN since Jun 20th, 2017 at 4.16185
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).