Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Peruvian Nuevo Sol/Argentine Peso (FOREX:PENARS)
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 PENARS
The long term trend has been UP since Dec 21st, 2017 at 5.48240
The intermediate term trend has been UP since Dec 20th, 2017 at 5.42800
The short term trend has been UP since Jul 16th, 2018 at 8.37325
Smart Scan Analysis for PENARS
Based on a pre-defined weighted trend formula for chart analysis, PENARS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).