Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
British Pound/Peruvian Nuevo Sol (FOREX:GBPPEN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Dec 10th, 2018 at 4.22750
The intermediate term trend has been UP since Dec 31st, 2018 at 4.29965
The short term trend has been UP since Jan 17th, 2019 at 4.32285
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).