Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2017.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Jun 24th, 2016 at 4.60585
The intermediate term trend has been UP since Mar 23rd, 2017 at 4.06595
The short term trend has been UP since Mar 15th, 2017 at 4.02290
Smart Scan Analysis for GBPPEN
Based on a pre-defined weighted trend formula for chart analysis, GBPPEN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).